Multiple Choice
What is measured on the vertical axis of the short-run aggregate supply curve?
A) real national income
B) nominal income
C) the price level
D) the interest rate
Correct Answer:

Verified
Correct Answer:
Verified
Q97: The long-run aggregate supply curve will shift
Q98: The relationship between the price level and
Q99: Figure 8-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-1
Q100: The short-run aggregate supply curve represents the
Q101: Figure 8-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-5
Q103: As the price level increases,the short-run aggregate
Q104: One possible result of a fall in
Q105: Figure 8-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-4
Q106: The effect of a positive demand shock
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