Question: Monetary policy cannot: [1] lower real interest rates in either the short or the long run. [2] lower the unemployment rate in the short run.

Monetary policy cannot: [1] lower real interest rates in either the short or the long run. [2] lower the unemployment rate in the short run. [3] prevent inflation rising in the long run. [4] avoid engaging in successively larger open market operations. [5] lower nominal interest rates in the long run.

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