Refer to the information provided in Figure 18.1 below to answer the questions that follow. Figure 18.1 -Refer to Figure 18.1.According to Keynes,an expansionary monetary policy in the long run and after all the adjustments have been made A)does not increase equilibrium output. B)increases equilibrium output above Y₁. C)decreases equilibrium output below Y₁. D)increases equilibrium output above Y₁ and decreases the price level below P₁.

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The Answer of Refer to the information provided in Figure 18.1 below to answer the questions that follow. Figure 18.1 -Refer to Figure 18.1.According to Keynes,an expansionary monetary policy in the long run and after all the adjustments have been made A)does not increase equilibrium output. B)increases equilibrium output above Y₁. C)decreases equilibrium output below Y₁. D)increases equilibrium output above Y₁ and decreases the price level below P₁.

Refer to the Information Provided in Figure 18