Beginning from a Position of Long-Run Equilibrium,an Expansionary Monetary Policy

question 40

Multiple Choice

Beginning from a position of long-run equilibrium,an expansionary monetary policy by the Bank of Canada causes

• A)aggregate demand for goods and services to exceed potential output.
• B)aggregate demand for goods and services to fall short of potential output.
• C)an increase in most market interest rates.
• D)a fall in the general price level.
• E)an increase in the level of potential output.

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