Figure 24-2

question 105

Multiple Choice

Figure 24-2.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.

-Refer to Figure 24-2.What does Y represent on the horizontal axis of the right-hand graph?

• A) the quantity of money
• B) the rate of inflation
• C) real output
• D) nominal output

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Definitions:

Vermeer

Johannes Vermeer was a Dutch painter of the 17th century, celebrated for his masterful use of light and color, and known for intimate domestic scenes.

Honoré Daumier

A French printmaker, caricaturist, painter, and sculptor known for his social and political commentary in the 19th century.

Satirical Artist

An artist who uses humor, irony, exaggeration, or ridicule to criticize or expose faults in society, politics, or human behavior.

Lithography

A printmaking technique in which the artist uses an oil-based crayon to draw directly on a stone plate and then wipes water onto the stone. When ink is rolled onto the plate, it adheres only to the drawing. The print produced by this method is a lithograph.