Which Relationship Is Stronger,r = +0

question 35

Multiple Choice

Which relationship is stronger,r = +0.62 or r = -0.62?

• A)An r = +0.62 represents a stronger relationship than r = -0.62.
• B)An r = -0.62 represents a stronger relationship than r = +0.62.
• C)There is no difference in the strength of the two relationships.
• D)Without seeing a scatterplot of the data,there is no way to determine which is stronger.

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Definitions:

Aggregate Supply Curve

A graphical representation showing the total supply of goods and services that companies in an economy are willing and able to produce at different price levels, over a specific time period.

Wealth of Consumers

The total value of all assets owned by consumers minus any liabilities; it reflects the economic resources available to consumers.

Aggregate Supply Curve

A graphical representation of the relationship between the overall price level and the total output produced by an economy.

Aggregate Demand Curve

A graph showing the relationship between the total demand for goods and services and the overall price level in the economy, all else being equal.