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    Macroeconomics Study Set 17
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    Exam 15: Monetary Policy
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    Use a Graph to Show the Effects of an Expansionary
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Use a Graph to Show the Effects of an Expansionary

Question 8

Question 8

Essay

Use a graph to show the effects of an expansionary monetary policy moving an economy out of recession and to potential real GDP.Explain what happens to aggregate demand,real GDP,and the price level.

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If the economy is in recession,it is cur...

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