Answer:
Higher prices.
Explanation:
Expansionary monetary policy seeks to grow the economy by increasing the money supply, lowering interest rates, and stimulating demand. As we know from the supply/demand curves, higher demand leads to higher price levels.
Long-run equilibrium is defined as the position under which the marginal costs of production is equal to the average cost of production.
Expansionary monetary policy is defined as the policy that is helpful to grow the economy through increasing the money supply, lowering interest rates, and stimulating demand.
In case of long-run equilibrium, the expansionary monetary policy will be higher in price. A long-run is directly opposite to the short-run equilibrium.
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