According to the Policy Irrelevance Proposition, Monetary Policy Can Affect

question 188

Multiple Choice

According to the policy irrelevance proposition, monetary policy can affect real variables

• A)in both the short run and the long run.
• B)in the long run only.
• C)in the short run only, and then only if the policy was unanticipated.
• D)in the short run only, and then only if the policy was fully anticipated.

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