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The Graph Shown Displays Various Price and Output Levels in an Economy

Question 94

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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  Y  on the x-axis stand for? A)  Full employment level of output B)  Current level of GDP C)  Observed level of output D)  Future target goal for output What does the "Y" on the x-axis stand for?


A) Full employment level of output
B) Current level of GDP
C) Observed level of output
D) Future target goal for output

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