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    Exam 6: Modelling Real Gdp and the Price Level in the Long Run
  5. Question
    The Horizontal Axis for an Aggregate Demand Curve Measures
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The Horizontal Axis for an Aggregate Demand Curve Measures

Question 3

Question 3

Multiple Choice

The horizontal axis for an aggregate demand curve measures


A) quantity demanded of the representative good.
B) real GDP.
C) output of all goods and services measured as a quantity index.
D) disposable personal income.

Correct Answer:

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