classify the actions described as examples of expansionary monetary policy (intended to stimulate the economy), contractionary monetary policy (meant to slow down the economy), or not an example of monetary policy. the bank of canada selling bonds on the open market is legislation that extends the duration of unemployment benefits for people that are out work is the bank of canada purchasing bonds on the open market is a decrease in the bank rate is american express choosing to lower the interest rate on outstanding credit card balances is an increase in the bank rate is a tax cut intended to encourage additional spending is a central bank reducing the rate of interest that it charges to commercial banks on loans is