Answer:
*It has a vertical translation 2 units down.
*Horizontal compression by a factor of 2.

Explanation:
To solve this situation we can use the transformation rules for function, remember these transformations:
*Vertical translation down d units is given by: f(x)-d
*Horizontal compression for b greater than 1 is given by: f(bx)
Therefore, for the following function:

The transformations that make the function above different from the parent function y=x:
*It has a vertical translation 2 units down.
*Horizontal compression by a factor of 2.