Explain the difference between fiscal policy and monetary policy and indicate who is in charge of...

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Explain the difference between fiscal policy and monetary policy and indicate who is in charge of each.

Fiscal Policy and Monetary Policy

Every Country in some form or the other takes decisions for driving its economy in a stable way. The level of control depends on whether the country is a capitalist country, communist country, or a socialist country. In order to support the country's endeavour to support the economic activities of the government, every country has a central bank, which sometimes independently, and sometimes together with the government, take policy decisions, which are in best interests of the citizens of the country.

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Fiscal policy are the policy matters, planned and implemented by the government of the country. Fiscal Policy includes policy regarding public...

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What is Fiscal Policy?

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Chapter 14 / Lesson 3
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Fiscal policy is a mechanism used by the U.S government to control the economy by raising taxes or choosing how to spend money on investments. Learn more about the meaning, usage and criticisms of U.S fiscal policy.


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