During the 1960s, the inflation rate and the unemployment rate were inversely related

Aggregate demand is the relationship between the quantity of real GDP demanded and the ________

A) price level B) money wage rate C) real wage rate D) nominal GDP demanded

In the figure above, the point labeled C in the production possibilities frontier

A) is unattainable; it is beyond the productive capability of this country. B) represents a highly desirable output level in the long run, because it conserves scarce resources. C) represents either unemployed or inefficiently utilized resources. D) represents the maximum sustainable output level for this nation in the long run.