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Assuming an economy is currently at its natural output level (full employment). Using a set of appropriately related IS-LM and AD-AS graphs , explain the

Assuming an economy is currently at its natural output level (full employment). Using a set of appropriately related IS-LM and AD-AS graphs, explain the impact of a monetary expansion (expansionary monetary policy) on price level, interest rate and output level in both short-run and medium run.

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