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Alenkinab [10]
3 years ago
9

______ is compared to expansionary monetary policies adopted to counteract a recession

Business
1 answer:
Gekata [30.6K]3 years ago
8 0

Answer:

Higher interest rates

Explanation:

Higher interest rates is compared to expansionary monetary policies adopted to counteract a recession as it helps to moderate a country's economic growth by raising the costs of borrowing, reduce consumer spending, improving exchange rates and reduce inflation.

High interest rates are commonly caused as a result of an increase in demand for credit or money.

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