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13987.PDF O 75% 6 / 6 b) Suppose the Central Bank decides to increase the required reserves ratio. State briefly whether this is a

13987.PDF O 75% 6 / 6 b) Suppose the Central Bank decides to increase the required reserves ratio. State briefly whether this is a contractionary or expansionary policy. (3 marks) QUESTION 40 The Jamaican government has decided restrict the flow of imports into the country. Give three (3) reasons why the government may have instituted this policy. (6 marks) 31 TT n Apr 30 2:07 + : 0

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