Contraction of a nation's money supply by its central bank will, ceteris paribus, result in higher interest rates.

Name: Contraction of a nation's money supply by its central bank will, ceteris paribus, result in higher interest rates.
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When a central bank contracts the money supply, it reduces the amount of money available for borrowing, which typically leads to higher interest rates as the cost of borrowing money increases.

Contraction of a Nation's Money Supply by Its Central Bank