What Is Measured on the Horizontal Axis on the Aggregate

question 278

Multiple Choice

What is measured on the horizontal axis on the aggregate demand graph?

• A) nominal income
• B) real GDP per year
• C) the price level
• D) unemployment

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Definitions:

Rescission

The revocation, cancellation, or repeal of a contract, returning all parties involved to their positions prior to the agreement.

Restitution

The act of compensating for loss, damage, or injury caused; involves returning to the original state or compensating for loss.

Breach Of Contract

Neglecting to comply with any aspect of a contract, documented or verbal, without a lawful excuse.

Rescission

The legal act of cancelling or terminating a contract, returning the parties, as much as possible, to their positions prior to entering the agreement.