Assuming an Economy Is Initially at Potential Output, in the Long

Multiple Choice

Assuming an economy is initially at potential output, in the long run, an expansionary monetary policy is expected:

A) not to affect output in the long run.
B) not to affect output in either the short run or the long run.
C) to affect output, but only in the long run.
D) to affect output in both the short run and the long run.