From an initial equilibrium position for the economy (at the three-way intersection of the IS, LM, and BP curves) and if the LM curve is steeper than the BP curve, expansionary fiscal policy initially leads to a balance of payments (BOP) ______, and expansionary monetary policy _______. Select one: a. deficit / also initially leads to a BOP deficit b. deficit / initially leads to a BOP surplus c. surplus / initially leads to a BOP deficit d. surplus / also initially leads to a BOP surplus

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