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(Figure: Business Cycle 0) the Figure Shows Effective Monetary Policy

Question 89

Multiple Choice

(Figure: Business Cycle 0) The figure shows effective monetary policy over the business cycle. What does point 1 represent?
(Figure: Business Cycle 0) The figure shows effective monetary policy over the business cycle. What does point 1 represent? A) expansionary policy during recession B) contractionary policy during inflationary boom C) contractionary policy during recession D) expansionary policy during inflationary boom


A) expansionary policy during recession
B) contractionary policy during inflationary boom
C) contractionary policy during recession
D) expansionary policy during inflationary boom

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