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The more willing monetary policymakers are to raise interest rates when faced with inflation, the _ _ _ _ _ _ _ _ the AD
The more willing monetary policymakers are to raise interest rates when faced with inflation, the the AD curve is and the responsive equilibrium output is to the inflation rate. flatter; less steeper; more steeper; less flatter; more
The more willing monetary policymakers are to raise interest rates when faced with inflation, the the AD curve is and the responsive equilibrium output is to the inflation rate.
flatter; less
steeper; more
steeper; less
flatter; more
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