Question: QUESTION 5 a) How does monetary policy affect equilibrium GDP? How can it address the problem of recession or slow growth? Inflation? b) Suppose the

QUESTION 5 a) How does monetary policy affect equilibrium GDP? How can it address the problem of recession or slow growth? Inflation? b) Suppose the economy is experiencing a recession and high unemployment. Describe the transmission mechanism through which monetary policy could address these problems

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