Question: a) There are several monetary policy instruments that can be used to effect monetary policies. With a specific monetary policy objective in mind [illustrate in

a) There are several monetary policy instruments that can be used

a) There are several monetary policy instruments that can be used to effect monetary policies. With a specific monetary policy objective in mind [illustrate in your answer], explain how any four monetary policy instruments can be applied to achieve this monetary objective. [8 Marks] b) Discuss critically Milton Friedman's version of the quantity theory of money. [7 Marks]

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