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Business, 16.06.2021 01:20 kukisbae

If the Federal Reserve uses expansionary monetary policy, then: a there is a negative short-run effect on real GDP but prices remain unchanged in the long run. b there is a positive short-run effect on the price level but the aggregate price level remains unchanged in the long run. c there is a positive short-run effect on real GDP but GDP remains equal to potential GDP in the long run. d there is a negative short-run effect on the price level but the aggregate price level remains unchanged in the long run. e there is a positive long-run effect on real GDP but GDP remains unchanged at its potential level in the short run.

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