Figure 24-4 -Refer to Figure 24-4. Given the Economy Is at Point

question 274

Multiple Choice

Figure 24-4
-Refer to Figure 24-4. Given the economy is at point A in year 1, what will happen to the unemployment rate in year 2?

• A) It will rise.
• B) It will fall.
• C) It will remain constant.
• D) not enough information to answer the question

---

Definitions:

Fraction

A mathematical expression representing the division of one number by another, denoting part of a whole.

Total Number

The entirety or sum of amounts, quantities, or counts of items in a set.

Classes

Categories or groupings into which data points are organized for statistical analysis or presentation.

Cumulative Relative Frequency

A measure showing the percentage of observations that fall below a particular value in a dataset.