The Short-Run Aggregate Supply Curve Is Drawn With

question 6

Multiple Choice

The short-run aggregate supply curve is drawn with:

• A)​the price level on the vertical axis and real GDP on the horizontal axis.
• B)​the price level on the vertical axis and nominal GDP on the horizontal axis.
• C)​nominal GDP on the vertical axis and real GDP on the horizontal axis.
• D)​real GDP on the horizontal axis and the rate of unemployment on the vertical axis.

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Definitions:

Grade Equivalent

A measure that describes a student's performance in terms of the grade level at which the average score is the same.

Ninth Grade

Refers to the ninth year of schooling in many educational systems, often the first year of high school in the United States.

Stanine

A nine-point scale used primarily in educational assessments to classify scores into nine broad levels, with 5 being average.