Suppose the Ages and Heights of 100 Randomly Selected People

question 18

Multiple Choice

Suppose the ages and heights of 100 randomly selected people were recorded. Which variable is the explanatory variable and which one is the response?

• A)Height is the explanatory variable and age is the response because a person's age could explain his/her height.
• B)Height is the explanatory variable and age is the response because a person's height could explain his/her age.
• C)Age is the explanatory variable and height is the response because a person's age could explain his/her height.
• D)Age is the explanatory variable and height is the response because a person's height could explain his/her age.

---

Definitions:

Unemployment

A situation where individuals who are capable of working and are seeking work are unable to find employment.

Natural Rate of Unemployment

The level of unemployment that exists when the labor market is in equilibrium, including frictional and structural unemployment but not cyclical unemployment.

Long-run Phillips Curve

A graphical representation indicating that in the long-term, there is no trade-off between inflation and unemployment, implying that the curve is vertical.

Phillips Curve

A theory suggesting an inverse relationship between the rate of inflation and the unemployment rate in an economy over the short run.