Unformatted text preview: case of a recessionary and inflationary gap? (Marks 10) Q3 In the UK, growth in the retail sales in the year ending June 1998 was so high that it caused inflation in UK. The central bank decided to raise interest rates to prevent inflation. How will the central bank raise interest rates? (Marks 10)...
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This note was uploaded on 01/18/2012 for the course ECON 501 taught by Professor Ibrar during the Spring '11 term at University of the Punjab.
- Spring '11