It should follow an essayformat, which means you must add an introduction, analysisand conclusion.You must also include the R codes in the Appendix (the codes will not count towards the word limit). The word limit of the text is750.You should add tables as figures to avoid exceeding your word limit.You are encouraged to use at least Wooldridge (2012)and Heiss (2016)in order to provide references for your tests and rationale It should follow an essayformat, which means you must add an introduction, analysisand conclusion.You must also include the R codes in the Appendix (the codes will not count towards the word limit). The word limit of the text is750.You should add tables as figures to avoid exceeding your word limit.You are encouraged to use at least Wooldridge (2012)and Heiss (2016)in order to provide references for your tests and rationale It should follow an essayformat, which means you must add an introduction, analysisand conclusion.You must also include the R codes in the Appendix (the codes will not count towards the word limit). The word limit of the text is750.You should add tables as figures to avoid exceeding your word limit.You are encouraged to use at least Wooldridge (2012)and Heiss (2016)in order to provide references for your tests and rationale It should follow an essayformat, which means you must add an introduction, analysisand conclusion.You must also include the R codes in the Appendix (the codes will not count towards the word limit). The word limit of the text is750.You should add tables as figures to avoid exceeding your word limit.You are encouraged to use at least Wooldridge (2012)and Heiss (2016)in order to provide references for your tests and rationale It should follow an essayformat, which means you must add an introduction, analysisand conclusion.You must also include the R codes in the Appendix (the codes will not count towards the word limit). The word limit of the text is750.You should add tables as figures to avoid exceeding your word limit.You are encouraged to use at least Wooldridge (2012)and Heiss (2016)in order to provide references for your tests and rationale
Your task is to test the Okun’s Law (Okun, 1962), i.e., that if unemployment rates are stable, real GDP grows at 3% annually.However, for each percentage pointincrease in the unemployment rate, real GDP will grow by two percentage points less
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