In a Classical Model

question 148

Multiple Choice

In a classical model

• A)equilibrium real GDP is supply determined.
• B)equilibrium real GDP is demand determined.
• C)equilibrium real GDP is determined by both aggregate supply and aggregate demand.
• D)equilibrium real GDP is neither determined by aggregate supply nor by aggregate demand.

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Definitions:

Anorexia

A lack or loss of appetite for food, which can be a symptom of various disorders or diseases.

General Malaise

A feeling of overall discomfort, uneasiness, or weakness, often marking the onset of a disease or infection.

Ritualistic

Pertaining to actions or practices performed in a prescribed order or manner, often with symbolic meaning.

Verbal Communication

The use of spoken words to convey messages, ideas, or thoughts.