A Contractionary Monetary Policy Is Appropriate During an Expansion

question 23

True/False

A contractionary monetary policy is appropriate during an expansion.

---

Definitions:

Fair Labor Standards Act

A United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Worker Adjustment

The process of employees adapting to changes within their work environment, which may include shifts in duties, policies, or organizational structure.

Retraining Notification Act

A U.S. federal law that requires employers to provide advance notice to workers affected by plant closures or significant layoffs.

Drug-Free Workplace Act

U.S. legislation aimed at reducing drug abuse in the workplace by requiring federal contractors and grant recipients to maintain a drug-free environment.