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Upward Sloping
A term often used to describe a line on a graph that shows an increase in a variable as another variable increases, indicative of a direct relationship.
Positively Related
A term describing the relationship between two variables where they move in the same direction; when one increases, the other also increases, and vice versa.
Omitted Variable Bias
Omitted Variable Bias occurs in statistical models when a relevant variable is left out of the model, potentially leading to incorrect conclusions about the relationship between the variables of interest.
Broken Window Fallacy
The misconception that destruction and the subsequent spending to repair the damage stimulate economic growth.
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Q55: Cohen's d is a measure of the