Which of the following statements is true for the scenario illustrated in the below graph? Contractionary Monetary Policy This graph illustrates an inflationary gap and a contractionary monetary policy. Select all that apply: it illustrates countercyclical monetary policy it can be caused by a tightening of the money supply, also known as contractionary monetary policy it illustrates expansionary monetary policy by shifting AD0 to AD1 it illustrates a recessionary gap at E0