You Need to Plot Values of One Continuous Variable Against

question 11

Multiple Choice

You need to plot values of one continuous variable against two others, whilst also differentiating groups of cases with different-coloured dots. What type of scatterplot should you use?

• A) Simple 3-D scatterplot
• B) Grouped 3-D scatterplot
• C) Scatterplot matrix
• D) Grouped scatterplot

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Definitions:

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given time period.

Consumer Demand

The desire of individuals or households to purchase goods and services at certain prices.

Investment Goods

Goods that are purchased not for immediate consumption but for producing other goods or services in the future.

Classical Economists

Economists from the late 18th and 19th centuries who believed in the principles of free markets, limited government, and self-regulating behavior of the economy.