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Figure 22-1. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, U represents the unemployment rate.
-Refer to Figure 22-1. What is measured along the vertical axis of the right-hand graph?
Central Tendency
Statistical measures that summarize a data set by identifying the central position within that data set, commonly using mean, median, and mode.
Extreme Scores
Statistical outliers in a data set that are significantly higher or lower than most of the data.
Variability
The degree to which data points in a dataset differ from each other and from their mean, indicating the dispersion or spread.
Scores
Quantitative values or measurements used to evaluate or assess someone or something's performance or status.
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