According to following diagrams determine the sensitivity parameters of Okun's and Phillips equations and a, and long run equilibrium GDP growth rate gy and natural rate of unemployment un. Au, = 0(gr, -gy) An₁ = a(u, − u₂) Suppose that initial unemployment level of this country is 5%, and initial inflation rate is 1-1 is 4% and GDP grows gr, at 10% in a given year. What would be current unemployment u, and inflation , rates? Your answer: O U₁ = 4 Ou₁=6 Ou₁=5 O 4₁=3 Clear answer Next Growth Rate π₁ = 6,4 T₁=4,4 π₁ = 7,2 T₁ = 4,2 change in inflation rate 5 10 15 unemployment rate 20

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அரசு
According to following diagrams determine the sensitivity parameters of
Okun's and Phillips equations and a, and long run equilibrium GDP
growth rate gy and natural rate of unemployment un
Au, = 0(gy, -gy)
^n₂ = a(u₂ − u₂)
Suppose that initial unemployment level u of this country is 5%, and
initial inflation rate is ₁-1 is 4% and GDP grows gr, at 10% in a given
year. What would be current unemployment u, and inflation , rates?
1-8
Your answer:
O U₁ = 4
Ou₁=6
Ou₁=5
Ou₁ = 3
Clear answer
Next
Growth Rate
TT₁=6,4
T₁ = 4,4
π₁ = 7,2
#₁=4,2
change in inflation rate
5
10
15
*****
unemployment rate
20
Transcribed Image Text:அரசு According to following diagrams determine the sensitivity parameters of Okun's and Phillips equations and a, and long run equilibrium GDP growth rate gy and natural rate of unemployment un Au, = 0(gy, -gy) ^n₂ = a(u₂ − u₂) Suppose that initial unemployment level u of this country is 5%, and initial inflation rate is ₁-1 is 4% and GDP grows gr, at 10% in a given year. What would be current unemployment u, and inflation , rates? 1-8 Your answer: O U₁ = 4 Ou₁=6 Ou₁=5 Ou₁ = 3 Clear answer Next Growth Rate TT₁=6,4 T₁ = 4,4 π₁ = 7,2 #₁=4,2 change in inflation rate 5 10 15 ***** unemployment rate 20
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