Multiple Choice
The flatter the SP curve
A) the greater will be the shift in the SP.
B) the greater will be the change in inflation and the smaller will be the change in real GDP for any given change in nominal GDP growth.
C) the greater will be the change in real GDP and the smaller will be the change in inflation for any given change in nominal GDP growth.
D) the greater will be the growth of nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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