Exam 20: Graphs in Economics

The relation between two variables that move in opposite directions is said to be:

Use the following to answer questions : -(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The slope of the line representing the relation between price on the vertical axis and quantity supplied on the horizontal axis is:

Use the following to answer questions : Figure: Seasonally Adjusted Unemployment Rate -(Figure: Seasonally Adjusted Unemployment Rate) Look at the figure Seasonally Adjusted Unemployment Rate. The distance between each labeled point on the horizontal axis is one year. Unemployment was ______ between 1/2001 and 1/2003 and ______ between 1/2007 and 1/2008.

Use the following to answer questions : Table: Wages and Hours Willing to Work -(Table: Wages and Hours Willing to Work) Look at the table Wages and Hours Willing to Work, which shows data on wage per hour and the number of hours someone is willing to work. Which variable would economists put on the vertical axis?

Use the following to answer questions : -(Table: Price, Quantity Demanded, and Quantity Supplied) Look at the table Price, Quantity Demanded, and Quantity Supplied. The data in the figure suggest a nonlinear relation between:

Use the following to answer question : Figure: Illustrating Slope -(Figure: Illustrating Slope) Look at the figure Illustrating Slope. In the graph, line 2 has a slope of:

Use the following to answer questions: -(Table: Wages and Hours Worked) Look at the table Wages and Hours Worked. Graphing the relation with wages on the vertical axis and hours worked on the horizontal axis, the slope between point A and point B is:

Use the following to answer questions : Figure: Seasonally Adjusted Unemployment Rate -(Figure: Seasonally Adjusted Unemployment Rate) Look at the figure Seasonally Adjusted Unemployment Rate. The distance between each labeled point on the horizontal axis is one year. Using this graph, the unemployment rate was at a minimum in ______ and a maximum in ______.

A ______ graph shows how the value of one or more variables has changed over some period.

Use the following to answer questions : Figure: Labor Force Participation Rate -(Figure: Labor Force Participation Rate) Look at the figure Labor Force Participation Rate. During 1970-1985, the labor force participation rate was _____ for women and _____ for men.

Use the following to answer questions : Figure: Cold Drinks Sold and Temperature -(Figure: Cold Drinks Sold and Temperature) Look at the figure Cold Drinks Sold and Temperature. If we move from point B to point C in the figure, the outside temperature has ______ degrees and the number of cold drinks sold has ______.

The relation between two variables that move in the same direction is said to be:

Use the following to answer questions : Figure: Seasonally Adjusted Unemployment Rate -(Figure: Seasonally Adjusted Unemployment Rate) Look at the figure Seasonally Adjusted Unemployment Rate. The distance between each labeled point on the horizontal axis is one year. What is the approximate slope of the graph between 1/2004 and 1/2006?

The owner of the Dismal Philosopher, one of the five bookstores on College Road, asks you to make a graph showing each College Road bookstore's share of all five stores' book purchases. A good way to show this information is with a pie chart.

Use the following to answer questions : Figure: Hot Drinks Sold and Temperature -(Figure: Hot Drinks Sold and Temperature) Look at the figure Hot Drinks Sold and Temperature. If we move from point L to point M in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.

The ______ of a curve shows the point at which the curve intersects an axis.

A positive relationship between swimsuits purchased and ice cream purchased could be the result of:

Use the following to answer question: Figure: Slope -(Figure: Slope) Look at the figure Slope. This graph depicts ______ relation between X and Y.

A linear curve has the same slope between every pair of points.

On a graph representing two variables: