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Suppose the central bank pursues expansionary monetary policy. Such an action will cause
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Suppose the central bank pursues expansionary monetary policy. Such an action will cause
Suppose the central bank pursues expansionary monetary policy. Such an action will cause
A) the natural real interest rate to rise.
B) the natural real interest rate to fall.
C) ambiguous effects on the natural real interest rate.
D) no effect on the natural real interest rate.
Textbook
Macroeconomics
Edition:
6
th
Authors:
Blanchard, Johnson
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