The pandemic period of 2020-2022 has had an important impact on the monetary environment in most countries:

1. Use the quantity equation of money to explain why there has been a burst of inflation after two years of lockdown on account of covid-19.
2. What are central banks trying to d0 as a result?
3. )What do you think will happen and why?

Please answer in properly written paragraphs.

Please focus on the most important facts that you have learned about the topics of the questions you choose to answer.

Express yourself clearly and succinctly.Do not ramble or try to make things up.