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What Is Measured on the Vertical Axis When We Draw

question 163

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What is measured on the vertical axis when we draw a graph of long-run aggregate supply?


Definitions:

Driver's License Number

A unique numerical or alphanumeric code issued by a governmental authority that identifies a person's official driver's license.

Temperature

A physical quantity that expresses the subjective perceptions of hot and cold.

Scales Of Measurement

The systems used to categorize the nature of information that data provides, namely nominal, ordinal, interval, and ratio scales.

Nominal Scale

A scale of measurement used to categorize variables without providing any quantitative value or order.

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