What is measured on the vertical axis when we draw a graph of long-run aggregate supply?
A)production of capital goods
B)output of consumer goods
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)output of consumer goods C)the price level D)real GDP
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Question

Quizplus · Accepted Answer

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

What Is Measured on the Vertical Axis When We Draw