Question: Sources: RBA; Refinitiv 5. The following equation represents the relationship between the GDP growth rates (x) and the change in the unemployment rates (y). What

Sources: RBA; Refinitiv 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 6. As you are probably aware, on Tuesday 3 May 2022, the Reserve Bank of Australia (RBA) raised the cash rate by 25 basis points, from 0.1% to 0.35%. Describe how this decision might affect the aggregate demand and then GDP via the asset prices channel, AND saving and investment channel of monetary transmission

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