7. The Phillips curve is a relationship between the inflation rate (inf) and the unemployment rate (ur). Estimating the Phillips curve using data for the United States from 1962 to 1995, you find Infi= 4.11 +0.132 urţ, R2 = 0.003, SER = 3.148 (1.11) (0.176) (a) What does Phillips curve say about the relationship between the inflation rate and the unemployment rate (You learned it in the Principles of Macroeconomics course, you can also google it)? Does the estimated coefficient seem right to you?
7. The Phillips curve is a relationship between the inflation rate (inf) and the unemployment rate (ur). Estimating the Phillips curve using data for the United States from 1962 to 1995, you find Infi= 4.11 +0.132 urţ, R2 = 0.003, SER = 3.148 (1.11) (0.176) (a) What does Phillips curve say about the relationship between the inflation rate and the unemployment rate (You learned it in the Principles of Macroeconomics course, you can also google it)? Does the estimated coefficient seem right to you?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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