Contractionary monetary policy will result in A) higher ...

[Redwolflake15]

Contractionary monetary policy will result in
 
  A) higher interest rates. B) increased rates of inflation.
  C) a leftward shift in the long-run Phillips curve. D) an upward shift in the short-run Phillips curve.

Question 2

An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate.
 
  A) increases; decreases B) decreases; decreases
  C) decreases; increases D) increases; increases

[steff9894]

Answer to Question 1

A

Answer to Question 2

B

[Redwolflake15]

Excellent

[tkempin]

Thanks for the timely response, appreciate it