High inflation imposes various costs on society. Maintain a slow growth in the number of money policymakers do to keep inflation at a low level.
There are only two real costs of inflation in this economy. Inefficient management of transactions due to low currency balances and the need to change advertised prices more frequently (so-called menu costs).
Today, contractionary monetary policy is the more popular way to control inflation. The goal of contractionary policymakers is to reduce the money supply within the economy by raising interest rates. 5 This slows economic growth as borrowing costs rise and consumers and businesses spend less.
Learn more about policymakers at
https://brainly.com/question/2084762
#SPJ4
