Monetary Policy Vs Fiscal Policy

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1. Define fiscal policy. Include the goals and tools of fiscal policy and the entity that controls it.
Fiscal Policy is when the government uses our tax dollars and also borrow from other countries to meet our economic goals. The tools are taxing and spending. The goals are to make businesses make more money by making the demands within the economy. The entity that controls it would be the U.S Government.
2. Compare and contrast fiscal and monetary policy. How are they alike and how do they differ?
Fiscal Policy and Monetary Policy are similar because they are both tools of the Federal Government. The difference is that Fiscal policy goes through the budget process and the legislative, but the Monetary Policy is an independent bank created
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