pros and cons of using monetary policy, economics homework help

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Economics

Description

What are the pros and cons of using monetary policy, as opposed to the use of fiscal policy, for implementing economic policies and practices?

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Explanation & Answer

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Monetary policy has its own advantages and shortcomings as compared to fiscal policy.
To start with, it is very easy to implement. When action is necessary, the board of governors
need only to meet and make a quick decision. In the case of fiscal policy, there is usually a need
to pass a bill which then has to be signed into law and therefore a l...


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