tag:blogger.com,1999:blog-1735628051336217048.post2385053654758424891..comments2024-02-24T04:08:30.728-05:00Comments on MV=PQ: A Resource for Economic Educators: Okun's LawTim Schillinghttp://www.blogger.com/profile/09159198592921510105noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1735628051336217048.post-63590301915540662102010-04-05T19:22:47.412-04:002010-04-05T19:22:47.412-04:00If more people are unemployed, less people pay tax...If more people are unemployed, less people pay taxes or have money for spending. Spending money boosts the economy through taxes which is why everything is taxed.Megan M. Oramahttps://www.blogger.com/profile/13154697518703267990noreply@blogger.comtag:blogger.com,1999:blog-1735628051336217048.post-75975158222225624112010-03-10T05:08:54.505-05:002010-03-10T05:08:54.505-05:00Okun was first to admit that his law was an empiri...Okun was first to admit that his law was an empirical one. A data set might have an "outlier" that skews the data to the right or to the left. One observation doesn't change the relationship. Thanks for this post.Anonymoushttps://www.blogger.com/profile/10077171881600190717noreply@blogger.comtag:blogger.com,1999:blog-1735628051336217048.post-26067594700905075432010-03-09T14:00:00.416-05:002010-03-09T14:00:00.416-05:00i saw the SF Fed letter; my first thought was that...i saw the SF Fed letter; my first thought was that they had the cart before the horse; that its unemployment that causes apparent productivity to rise..rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.com