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Figure 16-2

Question 381

Multiple Choice

Figure 16-2. 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.
Figure 16-2. 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. -Refer to Figure 16-2. 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
-Refer to Figure 16-2. 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

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