Kindly help answer question below

6. a. Identify and explain in detail two costs of inflation. [6 marks] 6. b. Following the covid-19 pandemic, using a money supply and demand diagram, explain what would happen to the equilibrium price level, value of money and quantity of money if the Central Bank of England withdrew money from the economy. [10 marks] 6. c. In an economy, whose GDP in current prices is $40 billion and the money supply is $8 billion. (a) What will be the velocity of circulation? (b) If real GDP is $10 billion, what is the price level? (c) Suppose the velocity of circulation stays constant and the government decides to increase the money supply to E12 billion, what will happen to the price level if real GDP does not increase? [9 marks]