What is measured on the horizontal axis of the aggregate demand/aggregate supply model?

A) real wealth B) real Gross Domestic Product (GDP)
C) prices D) nominal income

B

Economics

You might also like to view...

____________: Represents the loss in value of a building over time associated with the aging and decay of its physical condition.

Fill in the blank(s) with the appropriate word(s).

Economics

The typical relationship between inflation and unemployment is

A) unemployment changes do not directly lead to changes in inflation, but inflation changes may cause changes in unemployment. B) as unemployment falls, inflation increases. C) as unemployment falls, nothing happens to inflation. D) as unemployment falls, inflation falls.

Economics