chapter 2: graphing basics Flashcards
1
Q
what are the two types of graphs we will be using
A
- descriptive graphs
2. analytical graphs
2
Q
what are descriptive graphs
A
describe events that have actually occurred in the economy
3
Q
what are analytical graphs
A
visual representations of a theory or model
- economic model might take the form of
- verbal description
- numerical table
- graphs
4
Q
most case the data you are given will produce with type of curve
A
smooth curves
5
Q
need more
A
need more
