Multiple Choice
When the economy is initially at full employment:
A) expansionary monetary policy will tend to increase the price level in the short run and the long run.
B) expansionary monetary policy will tend to increase the price level in the short run but not the long run.
C) expansionary monetary policy will tend to increase the price level in the long run but not the short runq
D) expansionary monetary policy will not tend to increase the price level in the short run or the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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