How does monetary policy work?
An example of an AI chatbot conversation about how monetary policy influences the economy.
Can you explain how monetary policy works?
Sure! Monetary policy involves managing the money supply and interest rates to influence economic activity.
What tools do central banks use to implement monetary policy?
Central banks use tools like open market operations, interest rate adjustments, and reserve requirements.
How does changing interest rates affect inflation?
Lowering interest rates can stimulate spending and investment, potentially increasing inflation, while raising rates can help control it.
What is the difference between expansionary and contractionary monetary policy?
Expansionary policy aims to increase money supply to boost economic growth, while contractionary policy seeks to reduce it to control inflation.
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