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4.3.4 shape of the AD curve (downward sloping)

What do the two axes of the AD curve show?

A

The vertical axis shows employment; the horizontal axis shows real wages.

B

The vertical axis shows nominal output; the horizontal axis shows the interest rate.

C

The vertical axis shows the average price level; the horizontal axis shows real output.

D

The vertical axis shows real output; the horizontal axis shows the average price level.

4.3.4 shape of the AD curve (downward sloping) Flashcards

  1. Intl A Level
  2. /Economics
  3. /4.3.4 shape of the AD curve (downward sloping)

23 flashcards on CIE Intl A Level Economics 4.3.4 shape of the AD curve (downward sloping): the key terms and definitions you need to recall.