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Determine whether the following statements represent an economy in the Keynesian, Intermediate, or Neoclassical zoneis A. Short run output is slightly to the left of
Determine whether the following statements represent an economy in the Keynesian, Intermediate, or Neoclassical zoneis A. Short run output is slightly to the left of potential output B. The short run aggregate supply curve is vertical or almou vertical C. Shifts in aggregate demand have a small impact on the price level 1. Intermediate 2. Keynesian 3. Neoclassical
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