a) Monetary policy  b) Supply-side policies  c) Fiscal policy

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter1: Exploring The World Of Business And Economics
Section1.5: The Business Cycle
Problem 3CC
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Inflation is generally controlled by the Central Bank. The main policy instrument used is  monetary policy, but in theory, there are a variety of other tools for controlling inflation.  Using illustrative diagrams where necessary, explain how each of the following instruments  can be used. 

  1. a) Monetary policy 
  2. b) Supply-side policies 
  3. c) Fiscal policy 
  4. d) Wage controls 
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