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Monetary policy is limited in its impact when There could be more than one answer. A. people adjust their expectations of inflation. B. money is

Monetary policy is limited in its impact when There could be more than one answer.

A. people adjust their expectations of inflation.

B. money is neutral in the long run.

C. aggregate supply changes lead to lower real GDP.

D. monetary policy is unexpected.

E. recession is a result of depressed aggregate demand rather than aggregate supply.

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