Monetary authorities in a country say that there have been no recent negative supply shocks. The economy in this country is currently experiencing high inflation and its productive capacity cannot be increased much. Explain how monetary policy could work to fix this business fluctuation in the best case scenario.

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The Answer of Monetary authorities in a country say that there have been no recent negative supply shocks. The economy in this country is currently experiencing high inflation and its productive capacity cannot be increased much. Explain how monetary policy could work to fix this business fluctuation in the best case scenario.

Monetary Authorities in a Country Say That There Have Been