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Assume an economy in which saving is -$100 at an output level of zero and the slope of the saving schedule is 1/10. If the economy is in equilibrium at 1200 calculate the level of saving and investment
Point Method
A job evaluation system where different aspects of a job are broken down into factors, each of which is then assigned a score or point value to determine relative worth.
Point Scores
A method used in job evaluation that assigns numeric scores to different aspects of a job's requirements to assess its relative worth.
Correlation Coefficient
A numerical measure that indicates the degree and direction of a relationship between two or more variables, with values ranging between -1 and 1.
Market Pay Line
A graphical line in a compensation analysis showing the relationship between the job's importance or level and the average market pay rate for that job.
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