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What Is Measured on the Vertical Axis of the Aggregate

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What is measured on the vertical axis of the aggregate demand/aggregate supply model?


Definitions:

Law of Equity

A body of law that supplements formal statutes with principles of fairness, justice, and conscience in legal judgments and remedies.

Law Merchant

Rules developed by the merchant guilds and the source of common law relating to negotiable instruments such as cheques and promissory notes.

War-Crimes Trials

Legal proceedings conducted to prosecute individuals accused of violating laws and customs of war.

Natural Law

A philosophical theory that posits the existence of a set of laws of nature that are inherent and universal.

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