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2.2.2 Aggregate demand and aggregate supply analysis

What are the axes of an AD/AS diagram?

A

The nominal output is on the vertical axis and real output is on the horizontal axis.

B

The average price level is on the vertical axis and real output is on the horizontal axis.

C

The average price level is on the horizontal axis and nominal output is on the vertical axis.

D

The real output is on the vertical axis and average price level is on the horizontal axis.

2.2.2 Aggregate demand and aggregate supply analysis Flashcards

  1. A Level
  2. /Economics
  3. /2.2.2 Aggregate demand and aggregate supply analysis

Flashcards for AQA A Level Economics 2.2.2 Aggregate demand and aggregate supply analysis, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 24 cards, matched to the AQA A Level Economics (7136) specification.