To Determine If an Economy Is in a Period of Recession,economists

question 7

Multiple Choice

To determine if an economy is in a period of recession,economists look for

• A) an increase in aggregate output.
• B) an increase in productivity.
• C) a decrease in productivity.
• D) a decrease in aggregate output.

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Definitions:

Slope

The measure of the steepness or incline of a line, indicating the rate of change between two variables.

Linear Regression Equation

An equation that models the linear relationship between a dependent variable and one or more independent variables.

Pearson r

A measure of the linear correlation between two variables, ranging from -1 (perfect negative correlation) to +1 (perfect positive correlation).

Number of Crimes

The total incidents of criminal activities recorded in a given area within a specific timeframe.