Question: Using simple equations, explain how an expansionary monetary policy by the central bank that did not translate into an improvement in aggregate output can trigger

Using simple equations, explain how an expansionary monetary policy by the central bank that did not translate into an improvement in aggregate output can trigger higher inflation in the economy.

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Using simple equations, explain how an expansionary monetary policy by the central bank that did not translate into an improvement in aggregate output can trigger higher inflation in the economy.

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