The Following Scatterplot Implies That the Relationship Between the Two

question 34

Multiple Choice

The following scatterplot implies that the relationship between the two variables x and y is:

• A)Strong and positive.
• B)Strong and negative.
• C)Weak and negative.
• D)No relationship.

---

Definitions:

Stagflation

A situation in which the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.

Price Level

A measure of the average prices of goods and services in an economy at a given time, often used to evaluate inflation or deflation.

Aggregate Output

The total quantity of goods and services produced in an economy at a given overall price level in a given period.

Aggregate Supply

The overall provision of goods and services that businesses in an economic setup aim to sell during a certain period.