Question

____ policy is the action taken by the _____ to influence the real GDP and the inflation rate in the economy

Answer 1

I think it is Monetary and Reserve bank

Answer 2

Monetary policy is the action taken by the Reserve Bank to influence the real GDP and the Inflation rate in the economy.

Some activities that are integrated with monetary policy are: management of money supply and interest rates in order to control inflation, consumption, growth, liquidity, etc.

Reserve Bank is an institution that implements Monetary Policies.