The statement is TRUE.

In the equation $y = -\frac{2}{3}x + 2$, the slope-intercept form of a line is used, which is given by:

$y = mx + b$

where $m$ is the slope and $b$ is the y-intercept. In this equation:

• The slope $m$ is $-\frac{2}{3}$.
• The y-intercept $b$ is $2$.

Since both the slope and y-intercept are correctly identified, the statement is true.

Would you like more details or have any further questions? Here are 5 related questions to deepen your understanding:

1. How do you find the slope of a line from two points?
2. How do you convert a linear equation from standard form to slope-intercept form?
3. What does the slope of a line tell you about the direction of the line?
4. How do you graph a line given its slope and y-intercept?
5. What happens to the graph of a line if the y-intercept is negative?

Tip: In the slope-intercept form $y = mx + b$, the value of $m$ determines how steep the line is, and $b$ tells you where the line crosses the y-axis.