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The vertical line is known as the y axis. It is nothing more than a measuring stick to count how far up or down a point is from the horizontal line. The horizontal line, then, is known as the x axis and measures the distance left or right from the vertical line.
The x-axis is essentially an infinite number line running horizontally in both positive and negative directions outward from zero. With the use of such a number line, any number can be found and plotted. The y-axis is a similar number line, only running vertically and perpendicular to the first.