Whether this statement is true, false or uncertain? Why? Use graphs if possible. Consider a temporary positive inflation shock in a flexible exchange rate regime (with an inflation targeting central...

Whether this statement is true, false or uncertain? Why? Use graphs if possible.

Consider a temporary positive inflation shock in a flexible exchange rate regime (with an inflation targeting central bank) and in a fixed exchange rate regime (where there is no policy intervention). Assume that both economies converge to a medium run equilibrium. Following the shock, inflation converges to its equilibrium value from above in both cases