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    Principles of Macroeconomics Study Set 8
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    Exam 20: Aggregate Demand and Aggregate Supply: Explaining Short-Run Economic Fluctuations
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    The Variables on the Vertical and Horizontal Axes of the Aggregate
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The Variables on the Vertical and Horizontal Axes of the Aggregate

Question 28

Question 28

Multiple Choice

The variables on the vertical and horizontal axes of the aggregate demand and supply graph are


A) the price level and real output.
B) real output and employment.
C) employment and the inflation rate.
D) the value of money and the price level.

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