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I need some Help with my business homework ?
A 5 percent increase in the output growth rate will DECREASE, the unemployment rate by ????
(answer to 3 decimal places) percentage points on average.The following statement is FALSE: From the regression results, policymakers can be sure that a 3 percent increase in real GDP in 2014 will definitely lead to a change in the unemployment rate of -0.087 percentage points.If, instead, real GDP fell by 1.8 percent, the predicted rise in the unemployment rate would have been ????(answer to 3 decimal places) percentage points.
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