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Discuss how both the fiscal and monetary policies in the United States and in the Bible...

Discuss how both the fiscal and monetary policies in the United States and in the Bible relate to the model of aggregate demand and aggregate supply and the issues involved in implementing the policies.

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Answer #1

What is a fiscal policy ?

  • It is something by which the government uses revenue and expenditure to tract the countries economy.

What is monetary policy ?

  • It controls money supply to avoid inflation.

In this scenario, the government manages the overall economy of the system acros the country.

Their main aim is to improve pricing and employment.

They use the help of fiscal and monetary policies to achieve this goal.

The aggregate demand plots the economic view of the supply and demand of money across the country.

The federal reserves adjust the money supply in US when it is rapidly increasing.

The aggregate demand is affected by fiscal policy by employment increase and all.

Hope this helps

please comment for doubts

Thanks

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