Problem

Consumer Credit The figure shows the outstanding consumer credit (seasonally adjuste...

Consumer Credit The figure shows the outstanding consumer credit (seasonally adjusted) between 2004 and 2007.

a. Is the outstanding consumer credit increasing, decreasing, or constant?

b. Estimate the slope of the graph. Report the answer in a sentence of interpretation with units.

c. Give an estimate of U(2). Report the answer in a sentence of interpretation with units.

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Solutions For Problems in Chapter 1.4

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