Contractionary monetary policy tends to:
A. raise U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar.
B. raise U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar.
C. lower U.S. prices, make exports cheaper relative to imports, and raise the value of the dollar.
D. lower U.S. prices, make exports more expensive relative to imports, and lower the value of the dollar.
Answer: C
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