ordinarylanguage,explainthemeaningofmonetarypolicy.Whatisthedifference betweenmonetarypolicyandfiscalpolicy?b)Explainthedifferencebetweenmonetarylooseningandmonetarytightening. c)Accordingtothestatement,theMPCreducedthemonetarypolicyrateby150basis points.Doesthisconstituteamonetarylooseningormonetarytightening?Explaind)Whendecidingwhethertotightenorloosenmonetarypolicy,centralbanksweigh therelativeriskstopricestabilityandgrowth.MentiontwoindicatorsthattheMPCuse togaugetherisktoinflationandtwoindicatorstheMPCusetogaugetheriskto growth.e)BasedontheinformationinthePressRelease,inthethinkingoftheMPCdidthe risktogrowthoutweighedtherisktoinflationorviceversa?Refertospecificpoints fromthepressreleasetobackupyourargument.f)Usingthemoneymarketdiagram,explaintheeffectofthispolicymeasureonthereal interestrateandrealmoneyholdings.