Refer to the Above Figure

question 233

Multiple Choice

Refer to the above figure. An increase in aggregate demand beyond real Gross Domestic Product (GDP) level Y1 would result in

• A) higher real GDP but not a higher price level.
• B) a lower price level but no change in real GDP.
• C) a higher price level but no change in real GDP.
• D) a lower price level and an increases in real GDP.

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Definitions:

Wage-and-Hour Issues

Concerns related to compliance with laws governing the payment of wages, overtime, and the scheduling of working hours.

Norris-LaGuardia Act

A United States federal law enacted in 1932 that protects the right of workers to organize unions and prohibits employers from making anti-union contracts with employees.

Union Organizing

The process by which workers come together to form or join a labor union in order to advocate for better wages, work conditions, and benefits.

Civil Rights Act

Refers to several pivotal pieces of legislation in the United States that aim to end discrimination and protect the civil rights of all citizens, especially the landmark Civil Rights Act of 1964 which outlawed discrimination based on race, color, religion, sex, or national origin.