Figure 34-2

Multiple Choice

Figure 34-2.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.
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-Refer to Figure 34-2.What does Y represent on the horizontal axis of the right-hand graph?

A) the quantity of money
B) the rate of inflation
C) real output
D) nominal output