(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

Question

(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

Quizplus · Accepted Answer

The Answer of (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

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