In the Aggregate Demand and Supply Model

question 89

Multiple Choice

In the aggregate demand and supply model:

• A) the aggregate supply curve is horizontal at full-employment real GDP.
• B) the vertical axis measures real GDP.
• C) the horizontal axis measures the average price level.
• D) equilibrium occurs where the AD and AS intersect.

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Definitions:

Output Devices

Hardware components that display or project information from a computer or other electronic device to the user, including monitors, printers, and speakers.

IT Technicians

Professionals responsible for installing, maintaining, and solving problems related to computer systems and other technological equipment.

AC To DC

Refers to the conversion of alternating current (AC) electricity into direct current (DC) electricity, a common necessity for powering electronic devices.

Power Supply

A component that provides the necessary electrical power to operate a device, converting mains AC to low-voltage regulated DC power for the internal components of a computer.