In an AD/AS model:
A. the GDP deflator always slopes upwards.
B. the potential GDP always slopes downwards.
C. the CPI is shown on the vertical axis.
D. real GDP is shown on the horizontal axis.
Answer:D
In an AD/AS model:
A. the GDP deflator always slopes upwards. B. the potential GDP always slopes downwards. C. the CPI is shown on the vertical axis. D. real GDP is shown on the horizontal axis.
Explanation: Type: Multiple Choice