Use the following to answer questions: 
-If the Bank of Canada uses expansionary monetary policy,there is a _____ effect on _____,but_____.
A) negative short-run;real GDP;prices remain unchanged in the long run
B) positive short-run;real GDP;GDP remains equal to potential GDP in the long run
C) positive long-run;real GDP;GDP remains unchanged at its potential level in the short run
D) positive short-run;the price level;the aggregate price level remains unchanged in the long run
Correct Answer:
Verified
Q181: Use the following to answer questions:
Figure: Output
Q182: Monetary neutrality implies that in the long
Q184: In the long run, an increase in
Q185: Use the following to answer questions:
Figure: Output
Q190: An increase in the money supply _
Q191: Use the following to answer questions:
Q192: Use the following to answer questions:
Q193: Use the following to answer questions:
Q197: In the long run, changes in the
Q198: Economists argue that money is neutral in:
A)
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