Show a graph of AS-AD where expansionary monetary policy that does not meet expectations leads to a reduction in output.
Definitions:
Economic Reforms
Government policies aimed at improving a country's economic efficiency by reducing restrictions, encouraging free-market conditions, and fostering competition.
Free Trade
Free trade is a policy framework in which governments do not discriminate against imports or interfere with exports, allowing goods and services to move freely between countries.
Sovereign Nation
A state or country that has complete autonomy and control over its territory and governance, free from external control.
Eastern Europe
A region that encompasses the countries located in the eastern part of the European continent.
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