To control inflation, the monetary authorities of a country can

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

To control inflation, the monetary authorities of a country can

Answer Details
To control inflation, the monetary authorities of a country can engage in restrictive monetary policies. This means they can take steps to reduce the amount of money in circulation, such as raising interest rates or selling government bonds. This makes it more expensive for people and businesses to borrow money, which can slow down the economy and reduce demand for goods and services. As a result, prices may rise more slowly, helping to keep inflation under control.
Read lesson note on Money And Inflation (WAEC)
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