If Firms Have Only a Weak Tendency to Raise Markups

Multiple Choice

If firms have only a weak tendency to raise markups during cyclical expansions,or if there are only a few auction markets in raw materials,then

A) the SP curve will be relatively flat and a "cold-turkey" cure for inflation will be relatively quick.
B) the SP curve will be relatively flat and a "cold-turkey" cure for inflation will be long lasting.
C) the SP curve will be relatively steep and a "cold-turkey" cure for inflation will be relatively quick.
D) the SP curve will be relatively steep and a "cold-turkey" cure for inflation will be long lasting.