A Scatter Plot Is Useful for Identifying a Linear Relationship

question 19

True/False

A scatter plot is useful for identifying a linear relationship between the independent and dependent variable, but it is not particularly useful if the relationship is curvilinear.

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Definitions:

National Debt

describes the total amount of money that a country's government has borrowed and not yet repaid.

Fiscal Policy

Government policy regarding taxation and spending to influence the economy.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and the importance of governmental fiscal and monetary policies founded Keynesian economics.

Federal Budget Deficit

The shortfall that occurs when the U.S. government's expenditures exceed its revenues within a fiscal year.