Suppose that an expansionary monetary policy occurs at a, Business Economics

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Suppose that an expansionary monetary policy occurs at a

Suppose that an expansionary monetary policy occurs at a particular point in time, and consider they same economy two years later, when it has returned to its long run equilibrium, (so expectations are fully adjusted). How does the interest rate in the interest rate in the new long run equilibrium compare with the interest rate just prior to the original expansionary monetary policy?

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