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    Macroeconomics Study Set 57
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    Exam 16: Inflation
  5. Question
    The Graph Shown Displays Various Price and Output Levels in an Economy
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The Graph Shown Displays Various Price and Output Levels in an Economy

Question 20

Question 20

Multiple Choice

The graph shown displays various price and output levels in an economy. The graph shown displays various price and output levels in an economy.   What does the  P  on the y-axis stand for? A)  Average price level B)  Inflation rate C)  Price of GDP D)  Price of Y What does the "P" on the y-axis stand for?


A) Average price level
B) Inflation rate
C) Price of GDP
D) Price of Y

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