S When Is It millanlearning.com/sac/9845584#/9845584/2/-1 HY MyCurry - Home Zoom < N S alt 3 X Alt < 1 # X MY Warning! XMRKT Ma X Completed 2 out of 4 F D Question 3 of 4 Stacked 0 Written by The EconoFact Network. To contact with any questions or comments, please email contact@econofact.org. da $ 4 10 11/ Suppose that the central bank of a given country is not independent, and the elected government has complete control over monetary policy. In the accompanying diagram, assume that the economy starts off at the macroeconomic equilibrium. 9 a. An election is coming up and the majority political party wants to increase its chances of retaining majority control of Congress. Policy makers decide the best way to ensure reelection is to force the central bank to enact expansionary monetary policy. In the accompanying graph, shift the curve(s) to depict the impact this will have on the macroeconomy. 8 7 6 5 C R 8.- > F Fidelity C Levin Library | Curry... Health Consequenc... Google Docs - Curry F5 % 5 V T + FB OC B