Question: Select the correct statement. During economic booms when GDP growth is high, there's typically: a. Contractionary monetary policy. b. A loosening of fiscal policy. c.

Select the correct statement. During economic booms when GDP growth is high, there's typically:

a.

Contractionary monetary policy.

b.

A loosening of fiscal policy.

c.

High unemployment.

d.

Expansionary monetary policy.

e.

A decrease in interest rates by the central bank to increase aggregate demand and inflation.

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