In the Aggregate Demand and Supply Model, The

question 62

Multiple Choice

In the aggregate demand and supply model, the:

• A)vertical axis measures the average price level.
• B)horizontal axis measures real GDP.
• C)aggregate supply curve is vertical at full-employment real GDP.
• D)All of these.

---

Definitions:

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Impractical to Manipulate

A description of situations or variables that are difficult or unethical to control or alter for the purpose of scientific study.

Descriptive/Correlational Method

Research strategies for observing and describing the behavior of a subject without influencing it, and determining the relationship between variables.