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Use the following to answer questions:
Figure: Monetary Policy II Use the following to answer questions: Figure: Monetary Policy II   -(Figure: Monetary Policy II)  Refer to Figure: Monetary Policy II. If the short-run equilibrium is at Y<sub>2</sub>, appropriate central bank policy is: A)  contractionary. B)  expansionary. C)  neutral. D)  balanced.
-(Figure: Monetary Policy II) Refer to Figure: Monetary Policy II. If the short-run equilibrium is at Y2, appropriate central bank policy is:


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