Examlex
If the MPC is .9 and investment spending increases by $20 billion,real GDP will increase by $200 billion.
Standard Deviations
A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.
Mean
In statistics, it refers to the average value in a set of numbers, calculated by dividing the sum of all values by the number of values.
Scatterplot
A graphical representation displaying the relationship between two quantitative variables.
Correlated
A term indicating a statistically significant relationship between two or more variables, implying that changes in one are associated with changes in the other.
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