Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 19
9708Aggregate Demand and Aggregate Supply analysis
The diagram shows an aggregate demand (AD) curve. What is measured on the horizontal (X) axis and the vertical (Y) axis?
- Amoney national output | real disposable income
- Bprice level | real GDP
- Creal GDP | price level
- Dreal disposable income | money national output
As printed in the paper
Show the answer
Correct answer: C. real GDP | price level
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