Refer to the information provided in Figure 17.2 below to answer the questions that follow. Figure 17.2 -Refer to Figure 17.2. 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 17.2 below to answer the questions that follow. Figure 17.2 -Refer to Figure 17.2. 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 17