What is monetary policy?
An example of an AI chatbot conversation about monetary policy and its effects on the economy.
What is monetary policy?
Monetary policy refers to the actions taken by a country's central bank to control the money supply and interest rates.
How does it affect inflation?
Monetary policy can influence inflation by adjusting interest rates; lower rates can stimulate spending and increase inflation.
What are the different types of monetary policy?
The two main types are expansionary monetary policy, which aims to increase the money supply, and contractionary policy, which aims to decrease it.
Can you give an example of expansionary monetary policy?
Sure! An example is when a central bank lowers interest rates to encourage borrowing and investment, boosting economic activity.
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