Question: 2.2 Explain how the diagram below would change to reflect the impact of decreasing interest rates on inflation levels. (10) 2.3 The one tool that

2.2 Explain how the diagram below would change to reflect the impact of decreasing interest rates on inflation levels. (10) 2.3 "The one tool that the MPC has historically used to subdue inflation has been to increase interest rates in order to rein in and subdue consumer spending propensities and hence demand-pull inflation". Define GDP and determine the impact this could have on the GDP levels of South Africa

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