Most Economic Graphs Have Two Lines Perpendicular to Each Other

question 124

Multiple Choice

Most economic graphs have two lines perpendicular to each other.The vertical line is called the

• A) origin.
• B) y-axis.
• C) x-axis.
• D) variable.
• E) time axis.

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Definitions:

Interest Rates

The proportion of a total amount of money that is levied for its utilization, typically stated on a yearly basis.

Money Supply

The absolute total of money-related assets within an economy at a particular time.

Depository Institutions

Financial institutions that accept deposits from the public and offer lending and other financial services.

Legal Reserve Requirements

Regulations that require banks to keep a certain percentage of their deposits in reserve, either in cash on hand or as deposits with a central bank, to ensure liquidity.