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- Define the following: -Inside lag -Outside lag Which has the longer lag-monetary or fiscal policy? Which has the longer outside lag? Give reasons for your answer?Which has the longer lag-monetary or fiscal policy? Which has the longer outside lag? Give reasons for your answer?Can you explain policy lags briefly and compare fiscal and monetarypolicies with respect to inside and outside lags. thanks.
- 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.In an attempt to promote renewable energy, the government provides an annual rebate to those who install solar panels on their roofs. What type of economic policy would this represent? a) Fiscal policy b) Monetary policy c) Both fiscal policy and monetary policy d) Neither fiscal nor monetary policy Asap.Explain the difference between fiscal policy and monetary policy. What are some of the reasons these macroeconomic policies are used?
- 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?Explain what are the lags in macroeconomic policies. Do these lags have more effect on monetary policy or fiscal policy and why?
- What is the difference between monetary policy and fiscal policy? Provide at least three examples of monetary policy? Provide at least three examples of fiscal policy? Give an example of monetary and fiscal policy from the past year in response to Covid?Explain in a tabular form any eight differences between Monetary and Fiscal Policy*Does monetary or fiscal policy have a longer time lag? Why?
