I. Monetary Measures:
These measures are adopted by the central bank of the country and include such steps as an increase in re-discounted rates, sale of government securities in the open market, an increase in reserve ratios and adjustments in selective controls to arrest an inflationary credit boom. Each of these steps has its own limitations though it can be said that monetary measures are more effective in checking inflation than curbing a depression.
Note: This is published for the internal use (of St. Philomena's College students) only and hence requires verification.
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