A scatter diagram of the position of the U.S.economy from 1972 through 2007 with the price level on the vertical axis and real GDP on the horizontal axis would show a movement generally toward the

Question

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The movement of the U.S. economy from 1972 through 2007 can be seen as generally upward and to the right, indicating an increase in both price level and real GDP. Therefore, the scatter diagram would show a movement toward the northeast.

A Scatter Diagram of the Position of the U