In our correlation analysis of the Producer Price Index (PPI…

In our correlation analysis of the Producer Price Index (PPI) and Oil prices, we calculated our regression function to be: Y = 0.1177x + 1.4541, where Y = the % Change in PPI and X = % Change in Oil Prices.  If oil prices decreased 30%, what by what percent would you forecast the PPI to change? Enter your answer rounded to the nearest hundredth with no % symbol, e.g. 6.837%  = 6.84 

Choose the option below that correctly evaluates the stateme…

Choose the option below that correctly evaluates the statement:“The unemployment rate has the greatest impact on society and therefore should be the primary focus for governments when developing economic policy.” A. Supports: High unemployment increases poverty and social unrest.Does not support: Policies targeting unemployment may lead to higher taxes. B. Supports: Reducing unemployment improves consumer confidence.Does not support: Focusing on unemployment alone may increase inflation. C. Supports: Employment increases disposable income.Does not support: Solely targeting unemployment may reduce productivity incentives. D. Supports: Unemployment reduces household income and social welfare; it also lowers overall output.Does not support: Focusing on unemployment alone can cause higher inflation and may ignore long-run economic growth and price stability.

In our replication of Okun’s Law, the correlation analysis o…

In our replication of Okun’s Law, the correlation analysis of the unemployment rate and the GDP growth rate, we determined our regression function to be: Y = -1.4833x + 3.1263, Where Y = % change in the GDP Growth rate and X = % change in the unemployment rate.  If there was 2.5% decrease in the unemployment rate, what would be the change in the GDP growth rate? Enter your answer rounded to the nearest hundredth with no % symbol, e.g. 6.837%  = 6.84

Which of the following best evaluates the statement: “In the…

Which of the following best evaluates the statement: “In the long run, an economy is likely to return to equilibrium. Therefore, economic policies should only aim to improve productivity and technology, as this will lead to sustainable economic growth.”