Question
The Central Bank of the Republic of Turkey and The US Federal Reserve implemented expansionary monetary policies against the Covid 19 shock. Recently The US
The Central Bank of the Republic of Turkey and The US Federal Reserve implemented expansionary monetary policies against the Covid 19 shock. Recently The US Federal Reserve implements contractionary monetary policy, to combat the resulting increasing inflation. The Central Bank of the Republic of Turkey, on the other hand, implements an expansionary monetary policy to combat resulting increasing inflation. Explain the effects of these contradictory policies implemented by both countries on the price level by supporting them with Aggregate Demand- Aggregate Supply diagrams
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