Match LIST-I with LIST-II: LIST-I: A. Expansionary monetary policy under Adaptive Expectations; B. Anticipated expansionary monetary policy under Rational Expectations; C. Money wage cut during great depression; D. The presence of sizeable menu cost LIST-II: I. Policy is ineffective with only general inflation; II. Policy is ineffective with only general deflation; III. Policy is effective in the short run, although not in the long run; IV. Policy is effective with no general inflation / deflation
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