Which of the following variables is measured along the horizontal axis of the short-run aggregate supply curve?
A) nominal wage
B) real wage
C) nominal GDP
D) real GDP

Question

Quizplus · Accepted Answer

The short-run aggregate supply curve is plotted with real GDP on the horizontal axis and the price level on the vertical axis. Real GDP represents the total economic output adjusted for price changes, making it the correct variable for the horizontal axis.

Which of the Following Variables Is Measured Along the Horizontal