Using a figure show that under full employment, a temporary monetary expansion can increase output, but a
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Question:
Using a figure show that under full employment, a temporary monetary expansion can increase output, but a permanent monetary expansion cannot affect output in the long run. And make the explanations of your figure. (approximately 2 double-spaced pages; 10 marks)
This is an example figure from the teacher. When you create a figure, please follow this one, but do not copy this one, this figure is just an example, it tells you what elements and requirements should the figure have, but it is not the correct answer. Thanks!
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