The Federal Reserve stepped in with a broad array of actions to limit the economic damage from the pandemic, including up to $2.3 trillion in lending to support households, employers, financial markets, and state and local governments and The Federal Reserve loweredthe target range for the federal funds rate to 0 to 1/4 percent.

INDICATE WITH THE INFORMATION GIVEN IF THIS ACTIONS ARE ENGAGING EXPANSIONARY OR CONTRADICTORY MONETARY POLICY? EXPLAIN WHY