Comparing Monetary and Fiscal Policy

question 30

Multiple Choice

Comparing monetary and fiscal policy:

• A)Fiscal policy has an advantage because it is faster to implement than monetary policy
• B)Fiscal policy is easier to implement
• C)Monetary policy is easier to implement
• D)History has shown fiscal policy to be more effective at stabilization

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Definitions:

Energy Stores

The various forms in which energy can be kept or held, including chemical, mechanical, thermal, and nuclear, among others, within a physical system.

Sympathetic Nervous System

A part of the autonomic nervous system that activates what is often termed the fight or flight response, preparing the body for rapid action in response to threats.

Internal Organs

Vital parts within the body, such as the heart, lungs, and liver, that perform essential functions required for survival.

Serviceable Associated Habits

Habits that are beneficial or useful in performing daily activities or achieving long-term goals.