AD/AS Diagram

There is an increasing trend of globalization in the world, part of which is
manifested in credit and input markets. It could be argued that this will cause interest rates to be determined in international credit markets rather than in national credit markets, and most small, national
fluctuations will have no effect. How might this change the relationship
between the aggregate quantity of goods and services demanded and the
price level in a nation's economy? That is, In terms of the AD/AS diagram,
will the AD curve become steeper or flatter?

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