Multiple Choice
The aggregate demand and aggregate supply graph has
A) the price level on the horizontal axis.The price level can be measured by the GDP deflator.
B) the price level on the horizontal axis.The price level can be measured by real GDP.
C) the price level on the vertical axis.The price level can be measured by the GDP deflator.
D) the price level on the vertical axis.The price level can be measured by GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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