If the Coefficient of Correlation Is

question 78

Multiple Choice

If the coefficient of correlation is .7, the percentage of variation in the dependent variable explained by the variation in the independent variable is

• A) 70%.
• B) 49%.
• C) 30%.
• D) -51%.

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Definitions:

Deflation

A decrease in the general price level of goods and services, often accompanied by a reduction in the money supply and credit.

Mildest Recession

A period of economic downturn that is less severe in terms of duration and decrease in GDP compared to typical recessions.

Strongest Recovery

The phase in an economic cycle where an economy experiences the most rapid and robust return to growth following a downturn.

Weakest Recovery

Typically refers to a period of slow or minimal economic growth following a recession or economic downturn.