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Figure 17-3

Question 175

Multiple Choice

Figure 17-3. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the left-hand diagram, Y represents output and on the right-hand diagram, U represents the unemployment rate.
Figure 17-3. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the left-hand diagram, Y represents output and on the right-hand diagram, U represents the unemployment rate. -Refer to Figure 17-3. What is measured along the vertical axis of the left-hand graph? A) the wage rate B) the inflation rate C) the price level D) the change in output from one year to the next Figure 17-3. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the left-hand diagram, Y represents output and on the right-hand diagram, U represents the unemployment rate. -Refer to Figure 17-3. What is measured along the vertical axis of the left-hand graph? A) the wage rate B) the inflation rate C) the price level D) the change in output from one year to the next
-Refer to Figure 17-3. What is measured along the vertical axis of the left-hand graph?


A) the wage rate
B) the inflation rate
C) the price level
D) the change in output from one year to the next

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