Why are the implications of the two theories different, Macroeconomics

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Why are the implications of the two theories different

Problem

Compare and contrast the impact of an unexpected shift to a more expansionary monetary policy under both rational and adaptive expectations. Are the implications of the two theories different in the short run? Are the long-run implications different? Explain.

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.

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