Average interval in? firm price adjustments is relatively

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If the average interval between? firm’s price adjustments is relatively? short,

A. an increase in aggregate demand will cause a relatively? short-lived increase in real GDP.

B. a reduction in aggregate demand will cause a relatively? long-lived reduction in real GDP.

C. an increase in aggregate demand will cause a relatively? long-lived increase in real GDP.

D. both B and C

Reference no: EM13982444

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