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Discuss the effect of monetary policy on inflation. To what extent can monetary policy influence inflation? How can adjusting interest rates make an impact on

  • Discuss the effect of monetary policy on inflation. To what extent can monetary policy influence inflation?
  • How can adjusting interest rates make an impact on economy?
  • Discuss the effect of interest rates on employment in the short run and in the long run.
  • Describe the mechanism how changes in monetary policy affect output and prices in the economy.

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