Problem Set P2-P4

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    AP Microeconomics Name: ________________________________

    Problem Set P2-P4 Date: _________________________________

    P2: Interpret data and identify patterns and best-fit lines.

    1. Describe the trend of the data in the following graph.

    2. Find an equation for a best fit line through the data.

    P3: Explain changes in data using the concept of slope.

    1. A steep slope indicates _________________________________________ when there is a small change in the x-variable.

    2. A shallow slope indicates ________________________________________ when there is a small change in the x-variable.

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    P4: Compare and contrast direct, inverse, and zero relationships in data.

    In the following graph, describe the relationships between x and y for the 2001 recession, and be sure to indicate

    where this relationship exists.