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    Exam 13: Inflation, Unemployment, and Bank of Canada Policy
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    In Which of the Following Situations Might You Expect Expansionary
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In Which of the Following Situations Might You Expect Expansionary

Question 55

Question 55

Multiple Choice

In which of the following situations might you expect expansionary monetary policy to reduce the unemployment rate?


A) if expectations are rational
B) if changes in monetary policy are unanticipated
C) if actual inflation is higher than expected
D) if actual inflation is lower than expected
E) if actual inflation is equal to expected inflation

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