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Q. Determine the effect of expansionary monetary policy in the AS/AD model when the economy is:
a: Below potential output.b: Significantly above potential output.
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Prepare this assignment as a Word document attachment using Times New Roman 12-point and double spacing in a two page paper. Use proper spelling, grammar and punctuation. Select the Assignment tab to the far left of the screen, select the appropriate assignment and submit to the instructor via Drop Box "LP7 Assignment".
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