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

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Definitions:

Video Games

Electronic games that involve human interaction with a user interface to generate visual feedback on a video device.

Total Profits

The overall income of a business after subtracting all expenses from the total revenue.

Producing Units

Facilities or entities involved in the creation of goods or services.

Average Cost

The total cost of production divided by the quantity produced, often used to assess efficiency and profitability.