Figure 22-1. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, U represents the unemployment rate.
-Refer to Figure 22-1. What is measured along the horizontal axis of the left-hand graph?
A) the wage rate
B) the inflation rate
C) employment
D) output
Correct Answer:
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