Which of the following describes the expected outcome of expansionary monetary p

Question

Which of the following describes the expected outcome of expansionary monetary policy in the short run?

A. higher employment, higher output, and a higher price level

B. lower employment, higher output, and a higher price level

C. higher employment, higher output, and a lower price level

D. lower employment, lower output, and a lower price level

A. higher employment, higher output, and a higher price level

B. lower employment, higher output, and a higher price level

C. higher employment, higher output, and a lower price level

D. lower employment, lower output, and a lower price level

Explanation / Answer

A. higher employment, higher output, and a higher price level

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