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Suppose That Data for a Particular Economy Over Time Suggest

Question 48

Multiple Choice

Suppose that data for a particular economy over time suggest that its aggregate demand curve is both steep and shifts frequently.We might reasonably infer that ________.


A) the central bank has an activist emphasis on the stability of economic activity
B) wages and prices are remarkably flexible
C) policy lags are quite long
D) all of the above
E) none of the above

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