Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter A, Problem 1P
To determine

The slope of function Y = 3X + 5 for 0X5 and to graph it.

Expert Solution & Answer
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Explanation of Solution

Given information:

  Y = 3X + 5 for 0X5

The equation of straight line is given by:

  Y=mx+cWhere,m=slopec=intercept

Now,

The equation of straight line is Y=mx+c .

Comparing the both the equation, the following is derived:

m = 3 and c = 5

Hence, the slope of the given function is 3.

The graph of the above function graph is shown below:

  Macroeconomics, Chapter A, Problem 1P

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