Governments may achieve certain economic goals; say controlling inflation or boosting economic growth, by implementing fiscal and/or monetary policies. Briefly explain the difference between fiscal and monetary policies

Governments may achieve certain economic goals; say controlling inflation or boosting economic growth, by implementing fiscal and/or monetary policies. Briefly explain the difference between fiscal and monetary policies

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 10E

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Question

Governments may achieve certain economic goals; say controlling inflation or boosting
economic growth, by implementing fiscal and/or monetary policies. Briefly explain the
difference between fiscal and monetary policies

Definition Definition Policy implemented by the central bank of a country (such as the Federal Reserve in the United States) to achieve certain macroeconomic objectives. Monetary policy is a supply-side macroeconomic policy that supervises the growth rate and money supply in the economy.

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