7. Using diagrams, differentiate between demand pull inflation and cost push inflation

(10marks)

8. Monetary policy is a government policy used to control money supply in order to

achieve specific macroeconomic objectives. Discuss any four (4) monetary tools that

could be implemented by the government to revive tourism industry from a recession.

(10marks)

9. Explain four (4) monetary tools implemented by the central bank to reduce inflation on

the economy. (10marks)