Monetary Policy Obiectives and Framework Use the following information to work Problems 16 to 18. The Bank ofKorea's monetary policy is to reduce the vulnerability of South Korean won and achieve price stabilization through increasing money supply and lowering interest rates. 16. How does the Bank of Korea attempt to minimize the output gap through money supply and interest rates? 17. How does the policy affect the price level in the short run and the long run? 18. Can the Bank of Korea achieve price stability and economic growth simultaneously