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The more that firms in an economy believe that the demand for their goods is mainly influenced by "local conditions" and not the aggregate level of demand, the ________ is the SAS curve and thus the ________ are cycles in real GDP.
A) steeper, larger
B) steeper, smaller
C) flatter, larger
D) flatter, smaller
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Macroeconomics

Macroeconomics


Edition: 12th
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