Figure 35-1

question 56

Multiple Choice

Figure 35-1.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 35-1.What is measured along the horizontal axis of the left-hand graph?

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

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Definitions:

Positively Correlated

A relationship between two variables in which they move in the same direction; as one increases, the other also increases.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Equal Investment

A strategy where an investor allocates the same amount of money into each investment within a portfolio.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).