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What do the axes show on an aggregate supply diagram?
A
The vertical axis shows real output; the horizontal axis shows the average price level.
B
The vertical axis shows the interest rate; the horizontal axis shows real output.
C
The vertical axis shows the average price level; the horizontal axis shows employment.
D
The vertical axis shows the average price level; the horizontal axis shows real output.
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4.3.8 shape of the AS curve in the short run and the long run Flashcards
20 flashcards on CIE Intl A Level Economics 4.3.8 shape of the AS curve in the short run and the long run: the key terms and definitions you need to recall.