Respuesta :
High-income countries utilize monetary policy To keep inflation low in order and to reduce the danger of currency volatility
- A central bank implements monetary policy to maintain a stable economy, keep unemployment low, safeguard the value of the currency, and promote economic growth.
- A central bank influences borrowing, spending, and savings rates through adjusting interest rates or reserve requirements, or by conducting open market operations.
What function does monetary policy play in economic development?
Monetary policy is viewed as part of economic planning and tactics to create an environment conducive to economic progress and the general welfare of the population.
The effects of interest rates on GDP growth, investment, and inflation are commonly used to assess the success of monetary policy.
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