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Figure 24-2

Question 227

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Figure 24-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money; on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
Figure 24-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money; on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs. -Refer to Figure 24-2.What is measured along the horizontal axis of the left-hand graph? A) nominal output B) real output C) the opportunity cost of holding money D) the quantity of money
-Refer to Figure 24-2.What is measured along the horizontal axis of the left-hand graph?


A) nominal output
B) real output
C) the opportunity cost of holding money
D) the quantity of money

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