Contractionary monetary policy on the part of the Fed results in
A) an increase in the money supply, a decrease in interest rates, and an increase in GDP.
B) a decrease in the money supply, an increase in interest rates, and a decrease in GDP.
C) a decrease in the money supply, a decrease in interest rates, and a decrease in GDP.
D) an increase in the money supply, an increase in interest rates, and an increase in GDP.
Question 2
Which of the following countries actually experienced negative economic growth from 1960 to 2011?
A) Niger B) Malaysia C) Singapore D) Israel
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