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Using the ZZ / Y and NX graphs,illustrate graphically and explain what effect an increase in taxes will have on output,exports,imports,and net exports.Clearly label all curves and clearly label the initial and final equilibria.
Regression Line
A straight line that best fits the data points in a scatter plot, showing the relationship between the independent and dependent variables.
Simple Linear Regression
A quantitative approach that models the correlation between one independent variable and a dependent variable by adapting a linear equation based on the data collected.
Deterministic Model Equation
An equation representing a model where the output is directly determined by the parameter values and initial conditions, without any randomness.
Dependent Variable
The factor in a study or experiment that changes in response to alterations in the independent variable.
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