Briefly explain how monetary policy can help handling an economic recession and elaborate the limitations of using monetary policy in doing so.
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- “Monetary policy is the macroeconomic policy laid down by the central bank of an economy.”In terms of the above statement, explain how monetary policy can be used to combat inflationCan you provide more details on the functions of monetary policy. Examples would really helpWhat is the purpose of Monetary policy? Prove explanations in detail with an example