45° Line Diagrams Show How

question 126

Multiple Choice

45° line diagrams show how

• A)investment varies with income.
• B)expenditures vary with income.
• C)investment spending rises when GDP rises.
• D)GDP is affected by government purchases.

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Definitions:

Nonunionized

Workplaces or workers that are not part of a labor union or trade union.

Equilibrium Wage

The pay rate where the amount of labor available matches the amount of work needed.

Production Workers

Individuals directly involved in the manufacturing or creation of a product, working on the production line or within the production area.

Labor Demand

The sum of employees that businesses are ready and capable of employing at a specific pay rate during a given timeframe.