Do you agree with the view that inflation and interest rate are positively correlated? How would a fall in the interest rate on money demand affect inflation rate in the economy? Would a rise in the...

Do you agree with the view that inflation and interest rate are positively correlated? How would a fall in the interest rate on money demand affect inflation rate in the economy? Would a rise in the country’s interest rate adversely affect the economy’s GNP? Explain.