With the Real Wage on the Vertical Axis and Employment

question 10

Multiple Choice

With the real wage on the vertical axis and employment (N) on the horizontal axis,we know that

• A)the WS curve is upward sloping.
• B)the WS curve is downward sloping.
• C)the PS curve is upward sloping.
• D)the PS curve is downward sloping.

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Definitions:

Investment Account

An account held at a financial institution that contains securities, cash, and other investments owned by the account holder.

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends

Payments made by a corporation to its shareholders, typically from earnings, as a distribution of profits.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's earnings.