MONETARY VS FISCAL POLICY

The Monetary and Fiscal Policies, although controlled by two different organizations, are the ways that our economy is kept under control. Fiscal Policy is defined as the use of government spending and revenue collection to influence the economy. Monetary policy however is the regulation of the money supply and interest rates by a central bank, such as the Federal Reserve Board in the U.S., in order to control inflation and stabilize currency. Although these …

…high jump. All together, amidst of all what has happened these past years, the economy has suffered into a degree. However, the policies/predictions should have been carefully examined instead of almost guessing. After the next fiscal year, the public would probably demand better care of their tax money or relief on the gas prices. In conclusion the one way to fix this mess is to make sure the same mistake will not be repeated.