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Question - In the simple Keynesian portion of the upward sloping short-run aggregate supply curve 1 equilibrium real GDP is determined by both aggregate supply
Question - In the simple Keynesian portion of the upward sloping short-run aggregate supply curve 1 equilibrium real GDP is determined by both aggregate supply and aggregate demand. 2 equilibrium real GDP is supply-determined. 3 equilibrium real GDP is neither determined by aggregate supply nor by aggregate demand. 4 equilibrium real GDP is demand-determined.
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