A scatter diagram can be used to see
A) if the value of a variable is rising or falling.
B) the value of a variable for different groups in a population.
C) if a relationship exists between two variables.
D) how a variable behaves over time.
E) whether a variable is positively or negatively related to itself.
C
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An increase in quantity supplied
a. results in a movement downward and to the left along a fixed supply curve. b. results in a movement upward and to the right along a fixed supply curve. c. shifts the supply curve to the left. d. shifts the supply curve to the right.
Fiscal policy that occurs naturally without the need for legislation is known as:
A. lag-free automatic fiscal policy. B. monetary policy. C. targeted fiscal policy. D. an automatic stabilizer.
A rise in prices of imported resources will cause aggregate:
a. Demand to decrease b. Supply to increase c. Supply to decrease d. Demand to increase
If the marginal propensity to consume = 0.75, then:
A. the marginal propensity to save = 0.75. B. the marginal propensity to save = 1.33. C. the marginal propensity to save = 0.20. D. the marginal propensity to save = 0.25.