Which of the following is a true statement?
A) Expansionary monetary policy has the same effect in the long run regardless of whether it is originally anticipated or unanticipated.
B) Expansionary monetary policy increases real output only when it is unanticipated,and the increase is only in the short run.
C) The primary long-run impact of expansionary monetary policy is a higher price level (or inflation) .
D) All of the above are true.
Correct Answer:
Verified
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A)would shift if
A)An unanticipated
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