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Which of the following describes the expected outcome of expansionary monetary policy in the short run?

A. higher employment, higher output, and a higher price level

B. higher employment, higher output, and a lower price level

C. lower employment, higher output, and a higher price level

D. lower employment, lower output, and a lower price level

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91869808

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