Question: 5.1 define monetary policy and indicate the main instruments used by government to achieve monetary policy objectives 5.2. Define fiscal policy and indicate the main

5.1 define monetary policy and indicate the main instruments used by government to achieve monetary policy objectives

5.2. Define fiscal policy and indicate the main Instruments used by government to achieve their fiscal objectives

5.3. Discuss the concept of INFLATION in an essay format.In your answer, address the following:

- definition

- different ways of measuring inflation

- types of inflation according to the keynesian theory

- monetarists explaining of inflation and its causes (Refer to the equation that the monetarist use and what each variable represents)

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