If policymakers attempt to offset a favorable inflation shock with monetary , the resulting long-run equilibrium will be at inflation rate compared to allowing the self-correcting mechanism return the economy to potential output.

1. Easing

2. A higher

Explanation:

An adverse inflation shock when modeled is the upward shift of the Short run aggregate supply curve, this brings about higher inflation and causes a lowering of output.

The self-correcting mechanism of the economy will cause inflation to decrease gradually until the economy is back in long-run equilibrium at the original level of inflation.

If there is an intervention with monetary easing, aggregate demand will shift forward and a long-run equilibrium will be established where inflation remains at the higher level.

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

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step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

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step 5 – pm program management plan

step 6 – communicate, communicate, communicate

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