-Refer to Table 5.2. A plot of the AS curve would be a scatter diagram with data from column
____________ on the horizontal axis and corresponding data from column ___________________ on the vertical axis.
A) E, G
B) F, G
C) E, F
D) A, G

Question

-Refer to Table 5.2. A plot of the AS curve would be a scatter diagram with data from column
____________ on the horizontal axis and corresponding data from column ___________________ on the vertical axis.
A) E, G 
B) F, G 
C) E, F 
D) A, G

Quizplus · Accepted Answer

The AS curve, or Aggregate Supply curve, typically plots the total quantity of goods and services that firms are willing and able to supply (often related to the price level or inflation) on the vertical axis against the real GDP or output on the horizontal axis. Column F likely represents the real GDP or output, and column G represents the price level or inflation, making option B the correct choice.