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Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 29

9708Monetary policy

Why will a contractionary monetary policy reduce inflation?

  1. ABanks will lend more.
  2. BConsumers will have higher disposable income.
  3. CConsumers will pay more tax.
  4. DConsumers will save more.

As printed in the paper

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Correct answer: D. Consumers will save more.

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