What is measured on the horizontal axis of the aggregate demand/aggregate supply model?
A)prices
B)real Gross Domestic Product (GDP)
C)real wealth
D)nominal income

Name: What is measured on the horizontal axis of the aggregate demand/aggregate supply model? A)prices B)real Gross Domestic Product (GDP) C)real wealth D)nominal income
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The horizontal axis of the aggregate demand/aggregate supply model represents the level of real GDP. It shows the quantity of goods and services produced in an economy.

What Is Measured on the Horizontal Axis of the Aggregate