This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Draw a scatter diagram of the interest rate and the unemployment rate. Describe the relationship. ... (Read 25 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
Draw a scatter diagram of the interest rate and the unemployment rate. Describe the relationship.
 
  What will be an ideal response?

Question 2

Refer to the Article Summary. The convertible peso (CUC) is worth 25 times the peso (CUP), yet Cuban officials have for years treated the two currencies as being of equal value.
 
  This indicates that the peso (CUP) is ________ compared to the convertible peso (CUC), and would need to be ________ for the two currencies to reach the market equilibrium exchange rate.
  A) overvalued; revalued B) undervalued; devalued
  C) overvalued; devalued D) undervalued; revalued


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

To make a scatter diagram of the interest rate and the unemployment rate, plot the interest rate on the x-axis and the unemployment rate on the y-axis. The graph will be a set of dots and is shown in Figure A1.6 . The pattern made by the dots tells us that when the interest rate increases, the unemployment rate usually decreases so there is a negative relationship.

Answer to Question 2

C


CharlieWard

  • Member
  • Posts: 578
Reply 2 on: Jun 29, 2018
:D TYSM

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Your heart beats over 36 million times a year.

A simplified diagram of the Human Ear A simplified diagram of the Human Ear
Structure of the H-R Diagram Structure of the H-R Diagram
Relationship between a diagnostic label and related factor Relationship between a diagnostic label and related factor
Representative Diagram of Rectification Distillation Representative Diagram of Rectification Distillation
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library