Question: It is generally believed that higher interest rates result in

It is generally believed that higher interest rates result in less employment because companies are more reluctant to borrow to expand their business. To determine whether there is a relationship between bank prime rate and unemployment, an economist collected the monthly prime bank rate and the monthly unemployment rate for the years 1950 to 2012. Use a graphical technique to supply your answer.


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  • CreatedFebruary 03, 2015
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