What Are the Variables on the Vertical and Horizontal Axes

question 119

Multiple Choice

What are the variables on the vertical and horizontal axes of the aggregate supply and demand curve?

• A)the price level and real output
• B)real output and employment
• C)employment and the inflation rate
• D)inflation rate and the price level

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Definitions:

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct answer to a problem.

Subconscious Processes

Mental processes occurring outside of conscious awareness but accessible to consciousness when necessary.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Mental Image

A representation of sensory information or experiences in the mind, which can be visual, auditory, or related to other senses.