Refer to the following figure to answer the next questions.
-According to the figure, if the economy started at full-employment output, expansionary monetary policy would cause real gross domestic product (GDP) to ________ in the short run.
Definitions:
Inequality
A measure of how income, wealth, or opportunities are distributed unevenly among members of a society.
Education
The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods.
Human Capital
The abilities, understanding, and practical experiences that an individual or community has, as seen in their economic or valuable contribution to a corporation or state.
Master's Degree
An advanced academic degree granted by universities, typically after completing a bachelor's degree, demonstrating a mastery of a specific field of study or area of professional practice.
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