Given the inflation rates of Estonia and Ireland in 2018, Estonia would benefit (more / less) from this monetary policy than Ireland. As a result, (Estonia / Ireland) should consider using fiscal policy to solve its local economic problems.

6. Eurozone monetary policy True or False: All countries that are part of the eurozone are subject to the monetary policy imposed by the European Central Bank (ECB), and so each participating country has little control over the monetary policy implemented within its borders at any given time. Thus, any participating count must solve local economic problems with its own fiscal policies if an imposed monetary policy is ineffective. True False Consider the countries of Estonia and Ireland, both of which are part of the European Union and use the euro as their domestic currency. In 2018, Estonia had an inflation rate of 3.41%, and Ireland had an inflation rate of 0.72%. Suppose at the end of 2018, the European Central Bank (ECB) implements a monetary policy designed to slow economic growth in order to reduce inflationary pressure across the Eurozone