Figure 22-1. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, U represents the unemployment rate. 
-Refer to Figure 22-1. What is measured along the vertical axis of the right-hand graph?
Definitions:
Common-Size Financial Statement
A financial statement that expresses each line item as a percentage of a base figure, facilitating comparative analysis.
Vertical Analysis
Vertical analysis is a financial statement analysis method where each entry for each of the three categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.
Acid-Test Ratio
A stringent measure of liquidity that assesses a company's ability to meet its short-term obligations without relying on the sale of inventories.
Acid-Test Ratio
A stringent indicator that determines whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.
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