In the aggregate demand/aggregate supply model, the vertical axis shows the values of ________ and the horizontal axis shows the values of ________.
A. the unemployment rate; the inflation rate
B. the price level; real Gross Domestic Product (GDP)
C. the inflation rate; the unemployment rate
D. real Gross Domestic Product (GDP); the price level
Answer: B
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In some remote communities, there was only one employer in the local labor market several years ago, but the number of firms that hired workers in the market increased over time
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