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Historically,Brazil Has Suffered Higher and More Variable Rates of Inflation

Question 1

Multiple Choice

Historically,Brazil has suffered higher and more variable rates of inflation than Venezuela.You would expect the short-run aggregate supply curve of Brazil to be ________ than that of Venezuela,and the Phillips curve of Brazil to be ________ than that of Venezuela.


A) flatter; flatter
B) flatter; steeper
C) steeper; flatter
D) steeper; steeper

Correct Answer:

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