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.
.
-Refer to Figure 34-2.What does Y represent on the horizontal axis of the right-hand graph?
A)the quantity of money
B)the rate of inflation
C)real output
D)nominal output

Question

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.
. 
-Refer to Figure 34-2.What does Y represent on the horizontal axis of the right-hand graph?
A)the quantity of money 
B)the rate of inflation 
C)real output 
D)nominal output

Quizplus · Accepted Answer

Y represents real output on the horizontal axis of the right-hand graph, which is typically measured in terms of Gross Domestic Product (GDP).