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Aggregate supply is made of three sections: the classical range is vertical, the Keynesian range is horizontal and the intermediate range is upsloping.
![media/image1.png](http://www.opentextbooks.org.hk/system/files/resource/11/11894/12149/media/image1.png)
Figure 7.1 Aggregate Supply
The aggregate supply can be thought of as the combination of all the goods that firms produce: it is GNP if the government is ignored. |
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