Question

What monetary policies should the Federal Reserve enact to combat higher inflation rates for consumer goods and services? (1 point)
• Enact expansionary monetary policies to increase the money supply.
• Enact contractionary monetary policies to increase money supply.
• Enact contractionary monetary policies to decrease the money supply.
• Enact expansionary monetary policies to decrease the money supply.
GPT 3.5
Enact contractionary monetary policies to decrease the money supply.

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