Comparing the impact in the IS-LM model for a closed economy of a contractionary monetary policy with an expansionary fiscal policy on investment spending, the result is that:

• A. In the case of monetary policy, investment spending is higher because the interest rate is higher. In the case of fiscal policy, investment spending is higher because the level of output and income is higher.
• B. In the case of monetary policy, investment spending is lower because the interest rate is higher. In the case of fiscal policy investment spending is indeterminate because the level of output and income is higher, and the interest rate is lower.
• C. In both cases, investment spending decreases since the interest rate increases.
• D. In the case of monetary policy, investment spending is lower because the interest rate is higher. In the case of fiscal policy, investment spending is higher because the level of output and income is higher.