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


Definitions:

Atlantic

The second-largest ocean on Earth, separating the Americas from Europe and Africa.

Huron

A confederation of Native American tribes originally located in the Great Lakes region, known for their agricultural society and involvement in the fur trade.

Iroquois

A historically powerful northeast Native American confederacy known for forming the Iroquois League, which brought together several tribes for strength and diplomacy.

Algonquin

Refers to a group of Native American peoples speaking Algonquian languages and originally living in the North Eastern region of North America.

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