Write an Equation for the Graph Given $\log _ { 2 } ( x - 1 ) + 1$

question 78

Multiple Choice

Write an equation for the graph given. The graph represents an logarithmic function f with base 2 or 3, translated and/or
reflected.
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• A) \(\log _ { 2 } ( x - 1 ) + 1\)
• B) \(\log _ { 2 } ( x - 1 ) - 1\)
• C) \(\log _ { 2 } ( x + 1 ) - 1\)
• D) \(\log _ { 2 } ( x + 1 ) + 1\)

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Definitions:

Rational Expectations Theory

An economic theory that suggests individuals use all available information and make decisions based on their rational outlook, expectations, and available resources.

Discretionary Policies

Economic policies based on judgment and choices by policymakers rather than set rules, often involving government spending and taxation decisions.

Policy Rules

Prescriptive guidelines or principles designed to guide decisions and achieve rational outcomes within an organization or government.

Monetarists

Economists who argue that the money supply's variations play a crucial role in influencing the national output in the short term and determining the price level over the long term.