Macroeconomics
Macroeconomics
5th Edition
ISBN: 9781319098759
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
Question
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Chapter 2.A, Problem 1P
To determine

The type of relationship between the dependent and independent variable in the below scenarios

Concept Introduction:

Positive Relationship: The relation is positive between the two variables when increase in one variable leads to increase in the other.

Negative Relationship: The relation is negative between the two variables when increase in one variable leads to decrease in the other.

Horizontal intercept: The required values are determined by the horizontal axis that is x-variable whereas the y-variable will remain constant.

Vertical intercept: The required values are determined by the vertical axis that is y-variable whereas the x-variable will remain constant.

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