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Question: the figure on the right plots the change in the...

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The figure on the right plots the change in the unemployment rate on the vertical axis against the output growth rate on the horizontal axis for a hypothetical economy. The line drawn in the graph gives the best fit to the scatterplot. According to this figure, higher output growth leads to an increasein the unemployment rate 7 If the slope of the line in the graph is -0.4, we can say that, on average, an increase in the growth rate of 1% decreases the unemploym ent rate by roughly 04%. (Enter your response as a positive real number.) 0 According to the figure, the unemployment rate will remain constant if the output growth rate is about 101%. (Round your response to one decimal place.) 0 -2 0 Output growth (percent) 3 6 10

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