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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2016 · Q171 Mark

What is an expansionary monetary policy?

Adecrease in the interest rate
Bdecrease in the rate of value added tax
Can increase in the power of trade unions
Dan increase in the standard rate of income tax

✓ Correct answer

A: decrease in the interest rate

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2016 Paper 1 Variant 1, question 17.

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