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Which of the following statements illustrates monetary policy? A. Some US firms have scrapped outsourcing to China due to rising labor costs. B. The US

Which of the following statements illustrates monetary policy? A. Some US firms have scrapped outsourcing to China due to rising labor costs. B. The US government has increased its spending to boost demand. C. The US public debt-to-GDP ratio in 2011 was about 100 percent. D. The Fed has raised the federal funds rate by 0.3 percent

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