Discuss and Explain Each of the Instruments of Monetary Policy

question 54

Essay

Discuss and explain each of the instruments of monetary policy.

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Definitions:

Public Works Administration

Part of the New Deal in the 1930s, a large-scale public works construction agency in the United States that built public buildings, projects, and infrastructure to provide jobs and stimulate the economy.

Public Works Projects

Government-funded infrastructure projects intended for public use and benefit, such as roads, bridges, and schools.

Dams and Highways

Large-scale infrastructure projects that include the construction of barriers across rivers to store water and the building of routes for vehicular traffic across land respectively.

Income of Farmers

Refers to the earnings received by those engaged in agricultural production, reflecting their economic viability and sustainability.