Question: Expansionary monetary policy means interest rates Select one: O Decrease and contractionary monetary policy means interest rates increase Increase and contractionary monetary policy means interest

Expansionary monetary policy means interest rates Select one: O Decrease and contractionary monetary policy means interest rates increase Increase and contractionary monetary policy

means interest rates decrease O Decrease or increase depending on the stage

of the business cycle O Remain unchangedConsider the following table that contains

Expansionary monetary policy means interest rates Select one: O Decrease and contractionary monetary policy means interest rates increase Increase and contractionary monetary policy means interest rates decrease O Decrease or increase depending on the stage of the business cycle O Remain unchangedConsider the following table that contains some macroeconomic data for the economy of Kaplandia. Economic Indicators 2020 2019 Real GDP Annual Growth Rate 3.80% 260% Working Age Population 15.2 million 15.2 million Employed Persons 13.9 million 13.5 million Unemployed Persons 0.? million 0.8 million Consumer Price index (CPI) 124 115 {A} Calculate the unemployment rate for Kaplandia for 2020. (3 marks) (B) Calculate the ination rate for Kaplandia for 2020. (3 marks) (Cl Given the GDP growth rate and your calculations in Parts (a) and (b), what stage of the business cycle do you think Kaplandia is experiencing in 2020? Explain your answer: [4 marks)

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