The Bank of England is likely to be asked by the Chancellor of the Exchequer to increase the money supply during times of

Question

Quizplus · Accepted Answer

The Bank of England, like other central banks, may be asked to increase the money supply during periods of low output and low inflation to stimulate economic growth and prevent deflation. Increasing the money supply can lower interest rates, encouraging borrowing and spending, which can help boost output and inflation.

The Bank of England Is Likely to Be Asked by the Chancellor