Monetarists Believe That the Aggregate Supply Curve Is Relatively Steep

question 103

Multiple Choice

Monetarists believe that the aggregate supply curve is relatively steep in the short and long runs.This means they expect

• A)inflation with no change in output.
• B)increases in output to bring much inflation.
• C)increases in output to bring little inflation.
• D)decreases in output to bring much inflation.

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