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- What is the difference between fiscal and monetary policy? What fiscal and monetary steps can the government and the central bank undertake during times of recession to help the economy? What are the pros and cons of fiscal and monetary policy?What is the difference between monetary policy and fiscal policy ? Explainwhat is the differences between fiscal policy and monetary policy
- Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used?Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used? Elaborate on reasons these policies are used.Explain what kind of fiscal policy and what kind of monetary policy are likely to reduce GDP.
- Discuss some of the difficulties that may arise from enacting and carrying out fiscal policy and why some economists believe monetary policy is superior as a stabilizing mechanism.Assume the economy has entered a recession. Identify two fiscal and two monetary policy actions that could be used to alleviate the recession and explain how each policy would improve the economy.How is monetary policy linked with fiscal policy? Comment.
- Please provide two similarities and two differences between fiscal policy and monetary policyConsidering what you've learned about both fiscal and monetary policy, what are some of the benefits you might see from using monetary policy instead of fiscal policy to address common economic downturns? What could be some of the disadvantages?What is the reason why fiscal policy should be in tune with monetary policy when the economy is in the recession phase? What is the importance of the Central Bank in the financial market?