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Write down the three main aggregate supply factors which

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What are the three main aggregate supply factors that determine a nation's potential (or full-employment) level of real output? What are the four main components of aggregate demand? Explain: "Aggregate supply factors determine a nation's potential GDP, whereas aggregate demand factors determine whether or not the nation achieves its full employment GDP." How does fiscal and monetary policy relate to aggregate demand?

Reference no: EM13391212

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