Explain, using the ADAS model, how the South African Reserve Bank (SARB) can use accommodation policy as a tool to recover from the negative effects of this COVID19 pandemic.

Your answer must include the following:

The description of the type of monetary policy required; (3)

How the accommodation policy tool will be utilised; (3)

An explanation of how the implementation of this tool will work their way through the economy to achieve the desired effect; (4)

The ADAS graph showing the implications of your recommendations. (5)