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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1920 |
Essay's paper body
Fiscal policy is enacted by the government through legislation and monetary policy is determined by economic policies enacted by the Federal Reserve System. Direct legislation by the government can be affected by political agendas and may not be implemented in an unbiased way that best benefits an economy...
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Direct legislation by the government can be affected by political agendas and may not be implemented in an unbiased way that best benefits an economy. "Because monetary policy works more subtly, it is more politically palatable (McConnell, 2005, pg 305).
Monetary policy has two advantages over fiscal policy: 1) speed and flexibility and 2) isolation from political pressure...
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