Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 15, Problem 5E
To determine

State the similarities if any among the theories of economics discussed in the chapter regarding the use of fiscal and monetary policies to stimulate real GDP.

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Why monetary policy and fiscal policy are important macroeconomic tools used to stimulate the economy?
Differentiate between monetary and fiscal policy.
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?
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