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In the aggregate demand/aggregate supply framework, Select one: a. neither expansionary fiscal nor expansionary monetary policy has a permanent impact on the natural level of

In the aggregate demand/aggregate supply framework, Select one: a. neither expansionary fiscal nor expansionary monetary policy has a permanent impact on the natural level of income and employment. b. only monetary policy has a long-run impact on income and unemployment under flexible exchange rates. c. only fiscal policy has a long-run impact on income and employment under flexible exchange rates. d. only monetary policy has a short-run impact on income and employment under fixed exchange rates

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