When Economists Refer to 'Tight' or 'Contractionary' Monetary Policy, They

question 72

Multiple Choice

When economists refer to 'tight' or 'contractionary' monetary policy, they mean that the RBA is taking actions that will:

• A) increase the cash rate and decrease the money supply
• B) increase the cash rate and increase the money supply
• C) decrease the cash rate and increase the money supply
• D) decrease the cash rate and decrease the money supply

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Definitions:

Pathos

Aristotelian concept of emotion in argumentation.

Marxist Criticism

A form of critique that analyses literature through the lens of Marxist theory, focusing on social class and capitalist conflicts.

Ideology of Power

The set of beliefs and values that reflects the interests of a particular group, often related to the maintenance or change of power structures within a society.

Dramatistic Analysis

A method of analysis from the field of rhetoric that examines motives behind human actions by considering acts, scenes, agents, agencies, and purposes, based on Kenneth Burke's work.