Figure 34-2

question 158

Multiple Choice

Figure 34-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money;on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
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-Refer to Figure 34-2.What is measured along the horizontal axis of the left-hand graph?

• A)nominal output
• B)real output
• C)the opportunity cost of holding money
• D)the quantity of money

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Definitions:

Quality

The ability of a product or service to meet customer needs.

Costs

The expenditure incurred or the resources consumed in the process of producing goods or services or carrying out any activity.

Kaizen

A focus on continuous improvement.

Continuous Improvement

A continuous endeavor to enhance products, services, or processes through both small and significant advancements.