Question: 5. The following equation represents the relationship between the GDP growth rates (x) and the change in the unemployment rates (y). What is the Okun's

5. The following equation represents the relationship between the GDP growth rates (x) and the change in the unemployment rates (y). What is the Okun's coefficient equal to? What does this coefficient predict and what is the rationale behind this prediction? Y = 0.75 - 0.48x

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