Multiple Choice
If the aggregate price level adjusts slowly over time,then an expansionary monetary policy lowers
A) only the short-term nominal interest rate.
B) only the short-term real interest rate.
C) both the short-term nominal and real interest rates.
D) the short-term nominal,the short-term real,and the long-term real interest rates.
Correct Answer:
Verified
Correct Answer:
Verified
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