What is measured on the vertical axis when we draw a graph of long-run aggregate supply?
A) production of capital goods
B) spending on goods and services in an economy
C) the price level
D) real GDP

Name: What is measured on the vertical axis when we draw a graph of long-run aggregate supply? A) production of capital goods B) spending on goods and services in an economy C) the price level D) real GDP
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Question

Quizplus · Accepted Answer

The vertical axis on a graph of long-run aggregate supply represents the price level.

What Is Measured on the Vertical Axis When We Draw