Exam 32: Graphs in Economics

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 fact that two variables always move together over time:

The scaling of the axes of a time-series graph:

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 J to point L in the figure, the outside temperature has ______ degrees and the number of hot drinks sold has ______.