In the Simple Keynesian Portion of the Upward Sloping Short-Run

question 197

Multiple Choice

In the simple Keynesian portion of the upward sloping short-run aggregate supply curve

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

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