Figure 21-2

question 126

Multiple Choice

Figure 21-2. 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 21-2. 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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Definitions:

Prohibits Assignment

A clause or legal principle that prevents the transfer of a contract or right from one party to another.

Misrepresentation

The act of providing false or misleading information about a material fact in a transaction.

Contract Price

The amount of money agreed upon by parties involved in a contract for services or goods to be provided or delivered.

Delegatee

A person or party that is designated to act or make decisions on behalf of another, typically in a specified capacity or for particular issues.