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Unformatted text preview: The relationship between two economic variables can be visualized with the aid of a two dimensional (graph , matrix) [a] , which has (a horizontal , an inverse) [b] axis and a (vertical, direct) [c] axis. P 21 Customarily, the (dependent, independent ) [a] variable is placed on the horizontal axis and the [b] is placed on the vertical axis. The (dependent, independent) [c] variable is said to change because of a change in the (dependent , independent) [d] variables. P 21 Correct Answers for: a independent Correct Answers for: b dependent Correct Answers for: c dependent Correct Answers for: d independent Feedback: Correct! See p. 21 of the text if you were uncertain about any of these. The vertical and horizontal (scales, ranges) [a] of the graph are calibrated to reflect the (scales, ranges) [b] of values in the table of data points on which the graph is based. P21 The graph of a straight line that slopes downward to the right indicates that there is (a direct, an inverse ) [a] relationship between the two variables. A graph of a straight line that slopes upward to the right tells us that the relationship is (direct , inverse) [b] . When the value of one variable increases and the value of the other variable increases, then the relationship is (direct, inverse) [c] ; when the value of one increases, while the other decreases, the relationship is...
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This note was uploaded on 09/10/2009 for the course ECO 2251 taught by Professor Kirkland during the Spring '09 term at Troy.
 Spring '09
 kirkland

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