Prices, and especially wages, respond slowly to changes in supply and demand ... school also maintained that money can have an effect on output in the short run but believed that in the long run, ...

Expansionary monetary policy is when a central bank increases the money supply which fights recessions and increases economic growth. Contractionary economic policy pulls money out of the economy ...

The Federal Reserve's M2 weekly measurement estimates the U.S. liquid money supply. M2 is the ... during which the Fed employed expansionary monetary policy. M3 was the broadest form of money ...