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If Inflation Is Underestimated by Decision Makers in the Economy

Question 149

Multiple Choice

If inflation is underestimated by decision makers in the economy when it is rising, the SRAS curve will tend to be:

A) vertical.
B) horizontal.
C) downward sloping.
D) upward sloping.

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Q152: Exhibit 19-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 19-1