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Explain What Is Meant by a Contractionary Monetary Policy

question 69

Essay

Explain what is meant by a contractionary monetary policy.


Definitions:

Repressing

The psychological act of keeping distressing thoughts, memories, or feelings out of conscious awareness, often considered a defense mechanism.

Wishful Thinking

The formation of beliefs and making decisions according to what might be pleasing to imagine instead of by appealing to evidence, rationality, or reality.

Psychogenic Amnesia

A type of amnesia caused by psychological factors rather than physical injury or disease, often resulting from traumatic events.

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts and memories are unconsciously blocked from conscious awareness.

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