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explain your choice 35. Expansionary monetary policy is always expected to increase: a. nominal income but never real income. b. real income but never nominal

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explain your choice

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35. Expansionary monetary policy is always expected to increase: a. nominal income but never real income. b. real income but never nominal income. C. nominal income. d. real income. 36. Inflation occurs when the price level: a. rises and then falls. b. changes. c. increases one year only. d. increases continuously. 37. Inflation hurts: a. everyone. b. those whose incomes don't change. c. those whose incomes can change. d. no one

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