Question

What monetary policies should the Federal Reserve enact to combat higher inflation rates for consumer goods and services?(1 point)
Responses

Enact contractionary monetary policies to decrease the money supply.


Enact expansionary monetary policies to decrease the money supply.


Enact expansionary monetary policies to increase the money supply.


Enact contractionary monetary policies to increase money supply.

Answer 1

Enact contractionary monetary policies to decrease the money supply.