Question 1

Exhibit 1-2   
-In Exhibit 1-2, at y = 14, the

Accepted Answer

A) value of x is larger on curve A than on curve B 
B) value of x is smaller on curve A than on curve B 
C) value of x is the same on curve A as on curve B 
D) slope of line A is negative 
E) slope of line B is positive 
A) value of x is larger on curve A than on curve B 
B) value of x is smaller on curve A than on curve B 
C) value of x is the same on curve A as on curve B 
D) slope of line A is negative 
E) slope of line B is positive

Question 2

Suppose y is measured on the vertical axis, x is on the horizontal axis, and the various combinations of x and y are shown by a nonvertical straight line. Which of the following must be true?

Accepted Answer

A) There is a negative relation between x and y. 
B) There is a positive relation between x and y. 
C) There is a causal relation between x and y. 
D) If the value of x is known, the value of y can be determined. 
E) The value of y is independent of the value of x. 
A) There is a negative relation between x and y. 
B) There is a positive relation between x and y. 
C) There is a causal relation between x and y. 
D) If the value of x is known, the value of y can be determined. 
E) The value of y is independent of the value of x.

Question 3

The slope of a vertical straight line is infinity.

Accepted Answer

A) True 
 B)False

Question 4

If slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis, then if

Accepted Answer

A) x increases by 4, y increases by 8 
B) x increases by 4, y increases by 2 
C) y increases by 4, x increases by 8 
D) x = 4, y = 8 
E) x increases by 4, y decreases by 8 
A) x increases by 4, y increases by 8 
B) x increases by 4, y increases by 2 
C) y increases by 4, x increases by 8 
D) x = 4, y = 8 
E) x increases by 4, y decreases by 8

Question 5

Exhibit 1-3   
-In Exhibit 1-3, for any value of x, the

Accepted Answer

A) value of y is larger on curve A than on curve B 
B) value of y is smaller on curve A than on curve B 
C) value of y is the same on curve A as on curve B 
D) slope of line A is increasing 
E) slope of line B is negative 
A) value of y is larger on curve A than on curve B 
B) value of y is smaller on curve A than on curve B 
C) value of y is the same on curve A as on curve B 
D) slope of line A is increasing 
E) slope of line B is negative

Exhibit 1-2 -In Exhibit 1-2, at y = 14, the

Suppose y is measured on the vertical axis, x is on the horizontal axis, and the various combinations of x and y are shown by a nonvertical straight line. Which of the following must be true?

The slope of a vertical straight line is infinity.

If slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis, then if

Exhibit 1-3 -In Exhibit 1-3, for any value of x, the

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand Supply and Markets

Introduction to Macroeconomics

Tracking the Us Economy

Unemployment and Inflation

Productivity and Growth

Aggregate Expenditure

Aggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

The Algebra of Income and Expenditure

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

The Algebra of Demand-Side Equilibrium

International Trade

International Finance

Economic Development

National Income Accounts

Variable Net Exports

Variable Net Exports Revisited

Filters

Exam 22:Understanding Graphs

Exhibit 1-2 -In Exhibit 1-2, at y = 14, the

Suppose y is measured on the vertical axis, x is on the horizontal axis, and the various combinations of x and y are shown by a nonvertical straight line. Which of the following must be true?

The slope of a vertical straight line is infinity.

If slope = -2 for a line on a graph with x on the horizontal axis and y on the vertical axis, then if

Exhibit 1-3 -In Exhibit 1-3, for any value of x, the

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand Supply and Markets

Introduction to Macroeconomics

Tracking the Us Economy

Unemployment and Inflation

Productivity and Growth

Aggregate Expenditure

Aggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

The Algebra of Income and Expenditure

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

The Algebra of Demand-Side Equilibrium

International Trade

International Finance

Economic Development

National Income Accounts

Variable Net Exports

Variable Net Exports Revisited

Filters