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

Question

Quizplus · Accepted Answer

The horizontal axis of the aggregate demand/aggregate supply model typically measures real Gross Domestic Product (GDP), reflecting the quantity of goods and services produced in the economy. Prices, planned expenditures, and nominal income may be represented on other axes in the model or in separate charts.

What Is Measured on the Horizontal Axis of the Aggregate