Make a Rough Sketch of the Graph of Y = $3$

question 24

Essay

Make a rough sketch of the graph of y = 2 + log $3$ (x + 1). Do not use a calculator. Instead, start with the graph of a simple function and apply any needed transformations.

---

Definitions:

Aggregate Supply

The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.

Agency

In economics and finance, refers to a relationship where one party, the agent, makes decisions or performs a service on behalf of another, the principal.

Cyclical Unemployment

Unemployment directly related to cycles of economic upturn and downturn.