What contractionary monetary policy actions may be used to help reduce inflation? Question 5 options: The money supply is reduced, so banks charge a higher interest rate on loans, leading to slower borrowing and growth. The money supply is increased, so banks charge a higher interest rate on loans, leading to slower borrowing and growth. The money supply is reduced, so banks charge a lower interest rate on loans, leading to higher borrowing and growth. The money supply is increased, so banks charge a lower interest rate on loans, leading to slower borrowing and growth