+0.75
The relationship is considered strong after 0.7
Answer: [B]: "Immigration status" .
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Answer:
The intuition behind the real wealth effect is that when the price level decreases, it takes less money to buy goods and services. The money you have is now worth more and you feel wealthier. So, in response to a decrease in the price level, real GDP will increase.
Explanation:
Answer:
Last Option
Explanation:
I'm not sure about this one so I had to google the equation real quick.
The equation for the derivative of an inverse is:
![[f^{-1}(x)]'=\frac{1}{f'(f^{-1}(x))}](https://tex.z-dn.net/?f=%5Bf%5E%7B-1%7D%28x%29%5D%27%3D%5Cfrac%7B1%7D%7Bf%27%28f%5E%7B-1%7D%28x%29%29%7D)
From my understanding of the format, it might look like a hard equation to understand but its pretty simple.
The inverse derivative is 1 divided by the derivative of f(x), except you plug in f⁻¹(x) into that derivative.
Answer:
Interest rate decreases, LRAS increases
Explanation: