Monetary Policy from 1929 to 1933, and Again in 1937

question 690

Multiple Choice

Monetary policy from 1929 to 1933, and again in 1937 to 1938, was characterized by

• A) monetary expansion, which led to deflation.
• B) monetary contraction, which led to deflation.
• C) monetary expansion, which led to inflation.
• D) monetary contraction, which led to inflation.

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