Some Economists Argue That Policymakers Can Use Monetary and Fiscal

question 22

Essay

Some economists argue that policymakers can use monetary and fiscal policy to reduce the severity of economic fluctuations. In practice, however, there are obstacles to the use of such policies. What are the primary difficulties with using monetary and fiscal policy to stabilize the economy?

---

Definitions:

Shredding

The process of cutting or tearing documents or digital media into smaller pieces to prevent unauthorized access to the information.

Mantrap

A security device or small room that controls access between two or more areas, often used in sensitive environments to ensure secure entry or exit, by allowing only one person to pass at a time.

Privacy

The right of individuals to keep their personal information secure and protected from unauthorized access or disclosure.

GPS

Global Positioning System, GPS, is a satellite-based navigation system that allows any user with a GPS receiver to determine their exact location (longitude, latitude, and altitude) anywhere in the world.