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This is an introduction to monetary policy, which is the study of how a country’s central bank controls the supply of money. Monetary policy can affect inflation, employment and economic growth rates. Price increases are one way that monetary policy affects people’s standard of living. When prices rise, it means that there has been a rapid increase in the quantity of money in circulation compared to what would be expected from normal economic activity. This article looks at when prices rise and why they do so – as well as their effects on individuals’ standards of living- with examples from history drawn from three different countries: Canada, India and Zimbabwe Zimbabwe and India, Canada: countries different three from drawn history from examples with- living of standards’ individuals on effects their as well as – so do they why and rise prices when at looks article This. activity economic normal from expected be would what to compared circulation in money of quantity the in increase rapid a been has there that means it, rise prices When. living of standard’s people affects policy monetary that way one are increases Price. rates growth economic and employment, inflation affect can policy Monetary. money of supply the controls bank centrals’ country a how of study the is which, policy monetary to introduction an is This**. rapidly rises money of quantity the when riseicesPr ** Policy Monetary to Introduction An: Rise PricesWhen . rates inflation Indian for study case specific a at looking before time over rates growth economic Canadian into go’ll we Here** ** * . below further explored be will cases These . contexts and cultures various across occur can changes these how show that history from cases example life real with living of standard’s people affect increases price how about details more some are Below. rise prices when happens what on briefly touching also while, terms general in policy monetary to introduction the covers paragraph firstThe ! soon coming is rest The. Zimbabwe and India, Canada: countries different three from drawn history from examples with- living of standards’ individuals on effects their as well as – so do they why and rise prices when at looks article This* .