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.
-Refer to Figure 17-3. What is measured along the vertical axis of the right-hand graph?
A) the interest rate
B) the inflation rate
C) the government's budget deficit as a percent of GDP
D) the growth rate of the nominal money supply
Correct Answer:
Verified
Correct Answer:
Verified
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