The ________ describes the process by which a change in monetary policy,or the interest rate,would work its way through the economy,eventually affecting the economy's output and inflation rate.

Question

Quizplus · Accepted Answer

The concept being described is the monetary transmission mechanism, which refers to the process by which changes in monetary policy (such as interest rate adjustments made by central banks) are transmitted to the economy, ultimately affecting variables like inflation and output.

The ________ Describes the Process by Which a Change in Monetary