The following question are based on the following aggregate supply-aggregate demand diagram:

-The horizontal axis shows
A) the money supply.
B) total real output.
C) the unemployment rate.
D) the price level.
E) wage rates.

Question

The following question are based on the following aggregate supply-aggregate demand diagram:
 
-The horizontal axis shows
A) the money supply. 
B) total real output. 
C) the unemployment rate. 
D) the price level. 
E) wage rates.

Quizplus · Accepted Answer

The horizontal axis typically represents total real output (or real GDP) in macroeconomic models, such as the Aggregate Demand-Aggregate Supply (AD-AS) model, indicating the total amount of goods and services produced in an economy.

The Following Question Are Based on the Following Aggregate Supply-Aggregate