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A Counterclockwise Loop Spiraling Downward in the SP/LP Diagram Is

Question 19

Multiple Choice

A counterclockwise loop spiraling downward in the SP/LP diagram is the dynamic process typical of ________ policy with inflationary expectations that ________ adjust.


A) inflationary,are slow to
B) inflationary,instantly
C) disinflationary,are slow to
D) disinflationary,instantly

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