Use data from the World Bank
(www.worldbank.org) to do the following:
a. Find the correlation coefficient for M2 growth
and consumer price growth for each country
in the group of 10 high-income countries.
b. Find the correlation coefficient for each country
in the group of 10 low-income countries.
c. Now find the correlation coefficient for the
entire group of 20 countries.
d. If you have had a statistics class covering
regression analysis, run a regression using
money growth as the independent variable
and the average price growth as the
dependent variable. Explain your results.