Countries with stable inflation rates tend to have ________ SAS curves.
A)flat
B)steep
C)flat or steep
D)None of the above.All countries have SAS curves with almost the same slope.

Question

Quizplus · Accepted Answer

Countries with stable inflation rates tend to have flat SAS curves because there is little pressure for firms to increase prices, and as a result, the level of output remains relatively stable regardless of changes in demand levels.

Countries with Stable Inflation Rates Tend to Have ________ SAS