Classify the actions described as examples of expansionary monetary policy intended to stimulate the economy, contractionary or restrictive monetary policy meant to slow down the economy, or not an example of monetary policy.

a. The Federal Reserve selling bonds on the open market is ________________ monetary policy.
b. The President signing legislation that extends the duration of unemployment benefits for people who are out of work is ________________ monetary policy.
c. The Federal Reserve purchasing bonds on the open market is ________________ monetary policy.
d. The Federal Reserve decreasing the discount rate is ________________ monetary policy.
e. A major credit card company lowering the interest rate on outstanding credit card balances is ________________ monetary policy.
f. The Federal Reserve increasing the percentage of deposits that commercial banks are required to keep in their vaults is ________________ monetary policy.
g. The President signing a tax-cut bill intended to encourage additional consumer spending is ________________ monetary policy.
h. The Federal Reserve reducing the rate of interest that it charges to commercial banks on loans is ________________ monetary policy.

WORD BANK
- an expansionary
- not an example of
- a contractionary