Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.