If people come to expect ongoing inflation,what will happen over time independent of the Fed's response?
A) The long-run aggregate supply curve will shift to the right.
B) The aggregate supply curve will continue to shift upward.
C) The aggregate demand curve will continue to shift to the right.
D) The aggregate supply curve will continue to shift downward.
E) The aggregate demand curve will continue to shift to the left.
Correct Answer:
Verified
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