Figure 34-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money;on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
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-Refer to Figure 34-2.What is measured along the horizontal axis of the left-hand graph?
Definitions:
Cost
The amount of money or resources expended to acquire an asset, produce a product, or provide a service.
Markup Percent
The additional percentage on the base cost of merchandise to accommodate for overhead and yield profit.
Selling Price
The amount of money for which a product or service is sold to the customer.
Cost
The amount of money required to purchase, produce, or maintain something.
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