Multiple Choice
When the economy is in a recession,
A) expansionary monetary policy can potentially result in increased real output, but only in the short run.
B) expansionary monetary policy can potentially result in increased real output in both the short run and long run.
C) contractionary monetary policy can potentially result in increased real output, but only in the short run.
D) contractionary monetary policy can potentially result in increased real output in both the short run and long run.
Correct Answer:
Verified
Correct Answer:
Verified
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