Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
expand_more
expand_more
format_list_bulleted
Question
Chapter 1.A, Problem 4RQ
To determine
The graphical illustration of positive relationship between the two variables.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What is the difference between arithmetic and geometric gradient?
Draw the graph of U = q1 + aq2 and U= q1^2 + q2^2. Interpret the parameter and shape of the curve.
CH
SESSION 1.2: SELF-ASSESSMENT EXERCISE
1. Briefly explain the use of graphs as a way to represent economic relationships. What is
an inverse relationship? How does it graph? What is direct relationship? How does it
graph?
2. Graph each of the following sets of numbers in table 2 below. Draw a line through the
points and calculate the slope of each line.
2X4
1
2
3
1
Y
5
10
20
X
0
5
20
2
Y
0
5
10
20
X
1
2
3
3
Y
25
20
15
X
0.1
0.3
Y
100
75
50
25
Table 2
3. For each of the graphs in table 2 above, determine whether the curve has a positive or
a negative slope. Give an intuitive explanation for what is happening with the slope of
each curve.
ICON 1000 Principles of Economics I- UNIT 1
11
Chapter 1 Solutions
Macroeconomics
Ch. 1.1 - Prob. 1RQCh. 1.1 - Prob. 2RQCh. 1.1 - Prob. 3RQCh. 1.2 - Prob. 1RQCh. 1.2 - Prob. 2RQCh. 1.3 - Prob. 1RQCh. 1.3 - Prob. 2RQCh. 1.3 - Prob. 3RQCh. 1.3 - Prob. 4RQCh. 1.3 - Prob. 5RQ
Ch. 1.4 - Prob. 1RQCh. 1.4 - Prob. 2RQCh. 1.4 - Prob. 3RQCh. 1.4 - Prob. 4RQCh. 1.5 - Prob. 1RQCh. 1.5 - Prob. 2RQCh. 1.5 - Prob. 3RQCh. 1.A - Prob. 1RQCh. 1.A - Prob. 2RQCh. 1.A - Prob. 3RQCh. 1.A - Prob. 4RQCh. 1.A - Prob. 5RQCh. 1.A - Prob. 6RQCh. 1.A - Prob. 7RQCh. 1.A - Prob. 8RQCh. 1.A - Prob. 9RQCh. 1.A - Prob. 10RQCh. 1.A - Prob. 11RQCh. 1.A - Prob. 1SPACh. 1.A - Prob. 2SPACh. 1.A - Prob. 3SPACh. 1.A - Prob. 4SPACh. 1.A - Prob. 5SPACh. 1.A - Prob. 6SPACh. 1.A - Prob. 7SPACh. 1.A - Prob. 8SPACh. 1.A - Prob. 9SPACh. 1.A - Prob. 10SPACh. 1.A - Prob. 11SPACh. 1.A - Prob. 12APACh. 1.A - Prob. 13APACh. 1.A - Prob. 14APACh. 1.A - Prob. 15APACh. 1.A - Prob. 16APACh. 1.A - Prob. 17APACh. 1.A - Prob. 18APACh. 1.A - Prob. 19APACh. 1.A - Prob. 20APACh. 1.A - Prob. 21APACh. 1.A - Prob. 22APACh. 1.A - Prob. 23APACh. 1 - Prob. 1SPACh. 1 - Prob. 2SPACh. 1 - Explain how the following news headlines concern...Ch. 1 - Prob. 4SPACh. 1 - Prob. 5SPACh. 1 - Prob. 6SPACh. 1 - Prob. 7APACh. 1 - Prob. 8APACh. 1 - Prob. 9APACh. 1 - Prob. 10APACh. 1 - Prob. 11APACh. 1 - Prob. 12APACh. 1 - Prob. 13APA
Knowledge Booster
Similar questions
- PLease reference attachment. See image below.arrow_forwardY Score on Economics Final Exam 100 75 50 25 A 0 5 10 Hours of Study How would you describe the relationship shown in the graph? A Linear Direct Relationship B A Linear Inverse Relationship A Linear Independant Relationship C A Nonlinear Infinite Relationship D 15 20 Xarrow_forwardy 0 A only A and D only A, B, and D E both C and E C D A B Refer to the diagram. Which line(s) show(s) a positive relationship between x and y? Xarrow_forward
- Construct a table from the data shown on the graph below. Which is the dependent variable and which the independent variable? Summarize the data in equation form.arrow_forwardhere is a negative relationship between two variables if: they move in opposite directions. they move in the same direction. one variable changes and the other does not. neither variable moves.arrow_forward7arrow_forward
- In economics, what does the term ceteris paribus mean when analyzing the relationship between two variables? A. All other things being equal or held constant B. The direct relationship between two variables C. The inverse relationship between two variables D. The absence of any relationship between two variablesarrow_forwardBriefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship? How does it graph? What is a direct relationship? How does it graph?arrow_forwardFor the part we are going to explore a new set of data. Is there any reason to think that there is a relationship between number of cousins a student has and number of hours the student worked? Let's do some data mining and find out if there is a relationship in our sample. The following chart shows sample data for ten observations. The blank columns in the chart can be used to help you organize your calculations, but will not be graded. Index Number Hours number of Worked (i) Cousins 1 7 0 2 3 30 3 2 11 4 20 18 5 18 21 6 12 25 7 2 15 8 15 40 9 25 30 10 6 20arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Microeconomics: Principles & PolicyEconomicsISBN:9781337794992Author:William J. Baumol, Alan S. Blinder, John L. SolowPublisher:Cengage Learning
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning