Time Series Graphs Chart the Values of One or More

question 37

True/False

Time series graphs chart the values of one or more time series,using time on the vertical axis.

---

Definitions:

Labor Market

The supply and demand for labor, where workers find employment and employers find workers.

Equilibrium

A state in economics where demand equals supply, resulting in a stable market price and quantity.

Take Home Pay

The amount of income left after deductions such as taxes and retirement contributions are taken out of an individual's gross salary.

Labor Cost

The total expenditure faced by employers for the wages, benefits, and taxes associated with employing labor.