Question: Total 155 0.00 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 0.0373 0.00 53.71 0.0000 0.04 0.04 Unemployment Rate -0.2023 0.01 -19.85

Total 155 0.00 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 0.0373 0.00 53.71 0.0000 0.04 0.04 Unemployment Rate -0.2023 0.01 -19.85 0.0000 -0.22 -0. 18 The Beveridge curve displays the relationship between the job vacancy rate (the number of unfilled jobs divided by the total size of the labor force) and the unemployment rate. A government official wants to forecast the job vacancy rate for next month to determine how likely jobs that are posted now are to be filled. The official performs a regression analysis using monthly U.S. data from 2001-2013. If the unemployment rate next month is expected to be 7% and the job vacancy rate this month was 1.9%, by how much is the job vacancy rate expected to change from this month to next month? Note that percentages are represented as values between 0 and 1. The job vacancy rate is forecasted to decrease by 0.2023 percentage points. O The job vacancy rate is forecasted to decrease by 0.41 percentage points. O The job vacancy rate is forecasted to increase by 0.41 percentage points. The job vacancy rate is forecasted to increase by 2.31 percentage points. SAVE SUBMIT

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