Refer to the data sets. Which of the data sets would graph as an upsloping line?
Answer the question on the basis of the following five data sets, wherein it is assumed that the variable shown on the left is the independent variable and the one on the right is the dependent variable. Assume in graphing these data that the independent variable is shown on the horizontal axis and the dependent variable on the vertical axis.
| (1) | (2) | (3) | (4) | (5) | |||||
| J | K | L | M | N | P | R | T | U | V |
| 0 | 10 | 0 | -15 | 100 | 40 | 0 | -15 | 0 | 0 |
| 40 | 20 | 30 | -5 | 80 | 50 | 20 | -25 | 5 | 10 |
| 80 | 30 | 60 | 5 | 60 | 60 | 40 | -35 | 10 | 20 |
| 120 | 40 | 90 | 15 | 40 | 70 | 60 | -45 | 15 | 30 |
| 160 | 50 | 120 | 25 | 20 | 80 | 80 | -55 | 20 | 40 |
| 200 | 60 | 150 | 35 | 0 | 90 | 100 | -65 | 25 | 50 |
Refer to the data sets. Which of the data sets would graph as an upsloping line?
A. 1 only.
B. 1, 2, and 3 only.
C. 4 and 5 only.
D. 1, 2, and 5 only.
Answer: D. 1, 2, and 5 only.
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a. private sector spending will rise and therefore government spending should be reduced in order to help maintain aggregate demand at or near the full employment level. b. private sector spending will decline, and therefore government spending should increase in order to help maintain a high level of aggregate demand. c. private sector spending will decline, and therefore government spending should be reduced in order to avoid the crowding out of still more private sector spending. d. private sector spending will rise and therefore government spending should be increased in order to provide more stimulus for the economy.
In reality, all economic systems are
A. mixed. B. capitalistic. C. democratic. D. socialistic.