Multiple Choice
The more that firms in an economy believe that the demand for their goods is mainly influenced by "local conditions" and not the aggregate level of demand,the ________ is the SAS curve and thus the ________ are cycles in real GDP.
A) steeper,larger
B) steeper,smaller
C) flatter,larger
D) flatter,smaller
Correct Answer:
Verified
Correct Answer:
Verified
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