If the Correlation Coefficient Between X and Y Is Equal

question 27

Multiple Choice

If the correlation coefficient between x and y is equal to -1, we say that x and y are

• A) imperfectly negatively correlated.
• B) perfectly negatively correlated.
• C) lagging variables.
• D) perfectly positively correlated.
• E) countercyclical.

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Definitions:

Grapefruits

A large, round citrus fruit with a rich, slightly bitter flavor, known for its health benefits and use in diets and cooking.

Indifference Curves

Curves representing combinations of two goods between which a consumer is indifferent, meaning any combination along the curve gives the same level of satisfaction.

Bundle

In economics, a combination of various goods and services that a consumer might consider purchasing.

Constants

Fixed values in mathematical equations or models that do not change under different conditions.