Chapter 5 - Linear Functions - 5-8 Graphing Absolute Value Functions - Practice and Problem-Solving Exercises - Page 346: 46

The graph is translated two units to the left and one unit down (from the origin).

The $+2$ inside the absolute value sign means we are moving two units to the left (from the origin). The $-1$ outside the absolute value sign means we are moving one unit down (from the origin).