Description
How do fiscal and monetary policies under the fixed exchange rate in Saudi Arabia help the country to increase the living standard? What are the goals of the monetary and fiscal policies, and how are they achieved? What are the challenges that the country may encounter on the journey to achieve these goals?
Explanation & Answer
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Monetary and Fiscal Policies on People’s Living Conditions in Saudi Arabia
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MONETARY AND FISCAL POLICIES IN SAUDI ARABIA
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Monetary and Fiscal Policies on People’s Living Conditions in Saudi Arabia
Monetary and Fiscal policies play a crucial role in stabilizing any economy and
improving the lives of the country's citizens. Monetary policies represent the actions of the
central or reserve bank to control the money supply in the economy. However, fiscal policies
refer to the government's actions on spending and taxation to regulate the country's economic
activities. In Saudi Arabia, both monetary and fiscal policies regulate the economy and improve
people...
