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An unanticipated expansionary monetary policy has been implemented. Indicate the impact of this policy on each of the following four variables: a. Inflation rate. b.
An unanticipated expansionary monetary policy has been implemented. Indicate the impact of this policy on each of the following four variables:
a. Inflation rate.
b. Real output and employment.
c. Real interest rate.
d. Nominal interest rate.
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