Question: Using Exhibits 3-1 and 3-9 as your guides, graph the inductions and deductions in the following statements. If there are gaps, supply what is needed
a. Repeated studies indicate that economic conditions vary with—and lag 6 to 12 months behind—the changes in the national money supply. Therefore, we may conclude the money supply is the basic economic variable.
b. Research studies show that heavy smokers have a higher rate of lung cancer than do nonsmokers; therefore, heavy smoking causes lung cancer.
c. Show me a person who goes to church regularly, and I will show you a reliable worker.
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