"Reverse helicopter drop” which was recently in news in the wake of demonetization refer to?
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Option 2 : Contractionary monetary policy
This term is, derived from the concept of Helicopter money which denotes printing large sums of money and distributing it to the public to increase money supply and stimulate the economy in deflationary periods. The survey has called demonetization as “Reverse Helicopter Drop” or “Helicopter Hoover” because it has reduced the money supply in the market.
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