Using the Following Information: the Regression Equation Is _______

question 126

Multiple Choice

Using the following information: The regression equation is _______.

• A) Ŷ = 2.1794 - 12.8094X
• B) Ŷ = -12.80894 + 2.1794X
• C) 12.8094 X = 2.1794 Ŷ
• D) X = -12.8094 + 2.1794 Ŷ

---

Definitions:

GDP

The total market value or monetary sum of all final goods and services produced within a nation's boundaries during a defined timeframe is known as Gross Domestic Product.

Multiplier

In economics, a factor that quantifies the impact of an initial change in spending, income, or investment on the broader economy, amplifying the initial effect.

Inflationary Gap

A macroeconomic term referring to the situation where the demand for goods exceeds the supply, leading to increased prices or inflation.

Inflationary Gap

A situation where aggregate demand in an economy exceeds aggregate supply at the full employment level, leading to inflation.