Restrictive monetary policy is designed to curt... - JAMB Economics 2019 Question
Restrictive monetary policy is designed to curtail aggregate demand and to overcome________
A
Deflation
B
Reinflation
C
Disinflation
D
Inflationary gap
correct option: d
The use to increase interest rate and reduce investment so as to control inflation in an economy is known as Restrictive Monetary policy or also known as contractionary Monetary policy.
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