Suppose that a central bank pursues expansionary monetary policy by purchasing bonds. Classify each of the variables listed by the policy's short run effect upon them.
a. The equilibrium interest rate ____________.
b. Real GDP ____________.
c. Investment spending ____________.
d. The marginal propensity to consume ____________.
e. The demand for loanable funds ____________.
f. The supply of money ____________.
e. The price level ____________.

WORD BANK
- increases
- decreases
- is unaffected