-Refer to the Above Diagram for a Private Closed Economy

question 221

Multiple Choice

-Refer to the above diagram for a private closed economy.Unplanned investment in inventories will:

• A) occur at all levels of GDP in excess of $200.
• B) occur at all levels of GDP in excess of $600.
• C) occur at all levels of GDP below $600.
• D) not occur because the economy is necessarily in equilibrium.

---

Definitions:

American Federation of Labor

A prominent federation of labor unions in the United States, founded in 1886, which aimed to organize workers in skilled trades.

Welfare Capitalism

An approach where private companies provide social welfare services to their employees, including health care and pensions, to improve working conditions and loyalty.

Management Systems

Systems designed to manage an organization's policies, procedures, and processes, improving efficiency and effectiveness.

Worker Cooperatives

Enterprises that are owned and controlled by their workers, who share in the decision-making and benefits.