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?

higher employment, higher output, and a higher price level

higher employment, higher output, and a lower price level

lower employment, higher output, and a higher price level

lower employment, lower output, and a lower price level

higher employment, higher output, and a higher price level

higher employment, higher output, and a lower price level

lower employment, higher output, and a higher price level

lower employment, lower output, and a lower price level

Explanation / Answer

Higher employment,higher output,and a higher price level

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