The Aggregate Demand and Aggregate Supply Graph Has

question 38

Multiple Choice

The aggregate demand and aggregate supply graph has

• A)the price level on the horizontal axis.The price level can be measured by the GDP deflator.
• B)the price level on the horizontal axis.The price level can be measured by real GDP.
• C)the price level on the vertical axis.The price level can be measured by the GDP deflator.
• D)the price level on the vertical axis.The price level can be measured by GDP.

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Definitions:

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An American politician who served as a United States Senator from Texas and was the Democratic Party's nominee for Vice President in 1988.