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What kind of output gaps did the U.K. face during 2020? Was it an inflationary or recessionary gap? How is it important for your analysis?

  1. What kind of output gaps did the U.K. face during 2020? Was it an inflationary or

recessionary gap? How is it important for your analysis?

2. What kind of monetary policies did the U.K. follow? What tools did central

bank use to impose monetary policies? And how was it important for the business?

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