A Short Period of Falling Incomes and Rising Unemployment Is

question 39

Multiple Choice

A short period of falling incomes and rising unemployment is called:

• A)a business cycle
• B)a boom
• C)a recession
• D)a depression

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Definitions:

Y-intercept

The point where a line or curve intersects the y-axis of a graph, corresponding to the value of the dependent variable when all independent variables are zero.

Least Squares Line

A line of best fit determined by minimizing the sum of squares of the differences between observed values and the values predicted by the line.

Sample Regression Line

A line of best fit through a scatterplot of sample data points in regression analysis, used to estimate the relationship between variables.

Correlation Coefficient

A statistical measure that quantifies the degree to which two variables vary together.