Question: 12. When looking at a graph of aggregate demand, which of the following is correct? (1 Point) a. There are nominal variables on both

12. When looking at a graph of aggregate demand, which of the

12. When looking at a graph of aggregate demand, which of the following is correct? (1 Point) a. There are nominal variables on both the vertical and the horizontal axes. b. There are real variables on both the vertical and horizontal axes. C. The variable on the vertical axis is nominal; the variable on the horizontal axis is real d. The variable on the vertical axis is real; the variable on the horizontal axis is nominal

Step by Step Solution

3.48 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

c the variable on the vertical axis is nominal the variable on the hori... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!