{"id":12179,"date":"2022-04-11T22:06:22","date_gmt":"2022-04-11T22:06:22","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/?post_type=chapter&#038;p=12179"},"modified":"2024-09-11T16:41:58","modified_gmt":"2024-09-11T16:41:58","slug":"module-1-assignment-problem-set-economic-thinking","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/chapter\/module-1-assignment-problem-set-economic-thinking\/","title":{"raw":"Module 1 Assignment: Problem Set \u2014 Economic Thinking","rendered":"Module 1 Assignment: Problem Set \u2014 Economic Thinking"},"content":{"raw":"You can click the following link to download the problem set for this module:\u00a0<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/oerfiles\/Macroeconomics\/Problem+Sets+\/01+Economic+Thinking.docx\">Economic Thinking Problem Set.<\/a>\r\n<h2>Economic Thinking Problem Set<\/h2>\r\n<h3>Use the following graph to answer questions 1 through 3:<\/h3>\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2022\/04\/11215509\/image1.png\"><img class=\"aligncenter wp-image-12180 size-full\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2022\/04\/11215509\/image1.png\" alt=\"A straight line with y intercept of (0,1) that passes through two points: Point A is located at (2, 2) and point B is located at (4, 3).\" width=\"225\" height=\"225\" \/><\/a>\r\n<ol>\r\n \t<li>What is the rise of the line?<\/li>\r\n<\/ol>\r\n&nbsp;\r\n<ol start=\"2\">\r\n \t<li>What is the run of the line?<\/li>\r\n<\/ol>\r\n&nbsp;\r\n<ol start=\"3\">\r\n \t<li>Finally, what is the slope of the line?<\/li>\r\n<\/ol>\r\n&nbsp;\r\n<ol start=\"4\">\r\n \t<li>Solve for x in the following equation:<\/li>\r\n<\/ol>\r\n<p style=\"text-align: left; padding-left: 90px;\">[latex]x= 3+2\\times 9[\/latex]<\/p>\r\n<p style=\"text-align: left; padding-left: 90px;\">[latex]x=[\/latex]<\/p>\r\n\r\n<ol start=\"5\">\r\n \t<li>Solve for y in the following equation:<\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 90px;\">[latex]y=(6+3)\\div 10[\/latex]<\/p>\r\n<p style=\"padding-left: 90px;\">[latex]y=[\/latex]<\/p>\r\n\r\n<ol start=\"6\">\r\n \t<li>Given the following two equations, solve for x:<\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 90px;\">[latex]y=6+10x[\/latex]<\/p>\r\n<p style=\"padding-left: 90px;\">[latex]y=3[\/latex]<\/p>\r\n<p style=\"padding-left: 90px;\">[latex]x=[\/latex]<\/p>\r\n\r\n<ol start=\"7\">\r\n \t<li>Given the following two equations, solve for y:<\/li>\r\n<\/ol>\r\n<p style=\"padding-left: 90px;\">[latex]x=7y-3[\/latex]<\/p>\r\n<p style=\"padding-left: 90px;\">[latex]x=6[\/latex]<\/p>\r\n<p style=\"padding-left: 90px;\">[latex]y=[\/latex]<\/p>\r\n&nbsp;\r\n\r\n<hr \/>\r\n\r\nThis assignment by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License. You can access an alternative means to plotting points at<a href=\"https:\/\/www.desmos.com\/calculator\"> https:\/\/www.desmos.com\/calculator<\/a>.","rendered":"<p>You can click the following link to download the problem set for this module:\u00a0<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/oerfiles\/Macroeconomics\/Problem+Sets+\/01+Economic+Thinking.docx\">Economic Thinking Problem Set.<\/a><\/p>\n<h2>Economic Thinking Problem Set<\/h2>\n<h3>Use the following graph to answer questions 1 through 3:<\/h3>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2022\/04\/11215509\/image1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-12180 size-full\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2022\/04\/11215509\/image1.png\" alt=\"A straight line with y intercept of (0,1) that passes through two points: Point A is located at (2, 2) and point B is located at (4, 3).\" width=\"225\" height=\"225\" \/><\/a><\/p>\n<ol>\n<li>What is the rise of the line?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li>What is the run of the line?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li>Finally, what is the slope of the line?<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li>Solve for x in the following equation:<\/li>\n<\/ol>\n<p style=\"text-align: left; padding-left: 90px;\">[latex]x= 3+2\\times 9[\/latex]<\/p>\n<p style=\"text-align: left; padding-left: 90px;\">[latex]x=[\/latex]<\/p>\n<ol start=\"5\">\n<li>Solve for y in the following equation:<\/li>\n<\/ol>\n<p style=\"padding-left: 90px;\">[latex]y=(6+3)\\div 10[\/latex]<\/p>\n<p style=\"padding-left: 90px;\">[latex]y=[\/latex]<\/p>\n<ol start=\"6\">\n<li>Given the following two equations, solve for x:<\/li>\n<\/ol>\n<p style=\"padding-left: 90px;\">[latex]y=6+10x[\/latex]<\/p>\n<p style=\"padding-left: 90px;\">[latex]y=3[\/latex]<\/p>\n<p style=\"padding-left: 90px;\">[latex]x=[\/latex]<\/p>\n<ol start=\"7\">\n<li>Given the following two equations, solve for y:<\/li>\n<\/ol>\n<p style=\"padding-left: 90px;\">[latex]x=7y-3[\/latex]<\/p>\n<p style=\"padding-left: 90px;\">[latex]x=6[\/latex]<\/p>\n<p style=\"padding-left: 90px;\">[latex]y=[\/latex]<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>This assignment by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License. You can access an alternative means to plotting points at<a href=\"https:\/\/www.desmos.com\/calculator\"> https:\/\/www.desmos.com\/calculator<\/a>.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-12179\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Economic Thinking Problem Set. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":428269,"menu_order":2,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Economic Thinking Problem Set\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-12179","chapter","type-chapter","status-publish","hentry"],"part":12174,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/users\/428269"}],"version-history":[{"count":6,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12179\/revisions"}],"predecessor-version":[{"id":12367,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12179\/revisions\/12367"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/12174"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12179\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=12179"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=12179"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=12179"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/license?post=12179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}