Consider a Scatterplot Showing the Relationship Between Years of Formal

question 113

Multiple Choice

Consider a scatterplot showing the relationship between years of formal education and life expectancy.Which of the following statements is false?

• A)If more years of formal education are correlated with higher life expectancy, then the scatterplot would exhibit a positive slope.
• B)If more years of formal education are not correlated with higher life expectancy, then the scatterplot would exhibit a flat slope.
• C)If more years of formal education are not correlated with higher life expectancy, then the scatterplot would exhibit a flat or negative slope.
• D)If more years of formal education are negatively correlated with higher life expectancy, then the scatterplot would exhibit a negative slope.
• E)If other research shows a causal effect between years of formal education and higher life expectancy (additional years of formal education cause a higher life expectancy), then the scatterplot could not be flat.

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Definitions:

Aggregate Supply

The aggregate amount of products and services generated inside an economy, measured at a specific overall price level during a defined timeframe.

Technological Progress

The overall process of invention, innovation, and diffusion of technology or processes, which typically contributes to economic growth.

Aggregate Demand

The totality of market demand for goods and services within an economy, set at an agreed-upon general price level over an established period.

Money Supply

The total fiscal assets present in an economy at a specific moment.