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An Active Monetary Policy That Attempts to Smooth Out the Business

Question 59

Multiple Choice

An active monetary policy that attempts to smooth out the business cycle would involve conducting ________ monetary policy during recessions and ________ monetary policy during expansions.


A) contractionary; contractionary
B) expansionary; expansionary
C) contractionary; expansionary
D) expansionary; contractionary
E) countercyclical; expansionary

Correct Answer:

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