The horizontal axis in the AD-AS model shows:
A. the economy's nominal GDP growth rate.
B. the economy's short-term interest rate.
C. the economy's real GDP growth rate.
D. the economy's inflation rate.
Ans: C. the economy's real GDP growth rate.
Economics
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Indicate whether the statement is true or false
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The figure above shows the market for brooms. Which of the following could lead to the production of fewer than 600 brooms?
A) a monopoly B) a deadweight loss C) subsidies D) an external cost E) a big tradeoff
Economics