Problem
What impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run? How will expansionary monetary policy affect the economy when the effects are widely anticipated? Why does it make a difference whether or not the effects of a monetary policy are anticipated?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.