Macroeconomics (9th Edition)
Macroeconomics (9th Edition)
9th Edition
ISBN: 9780134167398
Author: Andrew B. Abel, Ben Bernanke, Dean Croushore
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 (9th Edition), Chapter A, Problem 1P

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