Fiscal policy and monetary policy are two tools used by the federal government to influence the United States economy. The executive and legislative branches share the responsibility of setting fiscal policy. The Federal Reserve Board has the primary role of setting monetary policy. In the essay I need the following:
(a)Define fiscal policy.
(b)Describe two significant ways the executive branch influences fiscal policy. Provide an example that Pres. Biden has used
(c)Describe one significant way the legislative branch influences fiscal policy. Why is that significant in the post-covid economy?
(d)Define monetary policy. How is monetary policy currently helping the post-covid economy recover?
(e)Explain two reasons why the Federal Reserve Board is given independence in establishing monetary policy.
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