Question: Use the annual data on unit labor costs (https://data.oecd.org/lprdty/unit-labour-costs .htm#indicator-chart) and labor productivity (https://data.oecd.org/lprdty/multifactorproductivity. htm). Plot the trends of these variables for any one country
Use the annual data on unit labor costs (https://data.oecd.org/lprdty/unit-labour-costs
.htm#indicator-chart) and labor productivity (https://data.oecd.org/lprdty/multifactorproductivity.
htm). Plot the trends of these variables for any one country over time. Do they move in the same direction as the models in this chapter predict?
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