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In a simple linear regression problem, the least squares line is = 2.73 - 1.02x, and the coefficient of determination is 0.7744. The correlation coefficient must be -0.88.
Big Government
A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.
Keynesians
Supporters of the economic theories established by John Maynard Keynes, focusing on total spending in the economy and its effects on output and inflation.
Monetarism
A school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation.
Classical Economics
A school of economic thought that emphasizes the role of free markets in regulating economic activity, and the importance of limiting government intervention.
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