When Two Variables Move in Opposite Directions, the Curve Relating

question 231

True/False

When two variables move in opposite directions, the curve relating them is upward sloping, and we say the variables are positively related.

---

Definitions:

Congress

The national legislative body of a country, specifically in the United States, made up of the House of Representatives and the Senate.

Board of Governors

The leading body of a central bank system or other regulatory agency, responsible for setting policies and overseeing the institution's operations.

Monetary Policy

The process by which a central bank, currency board, or government manages the supply of money and interest rates to achieve economic objectives like controlling inflation, consumption, growth, and liquidity.

President's Pleasure

A legal term denoting the indefinite detention of a prisoner because the head of state has not exercised their power to limit the period of detention.