Figure 22-1

question 308

Multiple Choice

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 horizontal axis of the left-hand graph?

• A)the wage rate
• B)the inflation rate
• C)employment
• D)output

---

Definitions:

Equivalent Jobs

Positions that are considered to be equal in terms of responsibilities, workload, and qualifications required.

Self-Esteem

Refers to the perception that individuals have about their own worth, abilities, and value in various aspects of life, impacting their confidence and behavior.

Promote Self-Esteem

The act of supporting or enhancing one's own sense of self-worth or personal value.

Young Children

A reference to individuals who are in the early stages of their childhood, typically ranging from infancy to elementary school age.