In a Graph with Real GDP on the Horizontal Axis

question 114

Multiple Choice

In a graph with real GDP on the horizontal axis and aggregate expenditures on the vertical axis, autonomous aggregate expenditures are represented by

• A) a ray from the origin.
• B) an upward sloping line with a positive vertical intercept.
• C) a 45-degree line.
• D) a horizontal line.

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Definitions:

ANOVA

Stands for Analysis of Variance, a statistical method used to test differences between two or more means to see if they are statistically significant.

Analysis of Variance

A statistical method used to compare the means of three or more samples to see if at least one is significantly different from the others.

Path Analysis

A statistical technique used in social science to study the direct and indirect relationships between variables in a model.

Dependent Variable

In an experiment or study, the variable being tested and measured, expected to change as a result of variations in the independent variable.