If the same level of government budget deficit is monetized in both countries. Then, the inflation is likely to behave in each country.
The inflation is the term which means the increase in the price of the goods and services in an economy of country. When the prices of goods and services increase. Fewer are able to buy.
The inflation refers to a reduction in the purchasing power of the money.
The two central banks: one with a history of maintaining price stability and low inflation, people are able to buy products and it leads to storage of products due to low inflation.
The other with a history of high inflation and poor inflation management. The users are not able to buy products at high costs of basic products which leads to decrease inflation management.
To know more about inflation here,
https://brainly.com/question/29308595
#SPJ4