How does high inflation lead to a recession in the country? Explain the role of the Government and the Central Bank to address the economic recession problem by using appropriate fiscal and monetary policies. Are there any potential problems with such policies

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter35: The Short-Run Trade-off Between Inflation And Unemployment
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How does high inflation lead to a recession in the country? Explain the role of
the Government and the Central Bank to address the economic recession
problem by using appropriate fiscal and monetary policies. Are there any
potential problems with such policies?( Answer in 1000 words)

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