Question

Answer needs to be 200 words

What is the difference between fiscal and monetary policy? What role does politics play in shaping these policies?

How has NAFTA impacted the United States? Overall, do you believe that it was a positive move for the U.S.? Why or why not?

Answer 1

Solution -

1. the difference between fiscal and monetary policy

The economic strategy is to try to influence the economy by increasing tax and expenditure on the economy, encouraging development, encouraging employment and controlling inflation. The monetary policy is an action which shapes the economy by affecting the interest rate and money supply to actions.

The Fed handle the US monetary policy. Politicians play the role of making these strategies because of increasing taxes / reducing tax, increasing also decreasing government spending. Depending on which political situation the President and Congress are based on, what kind of financial and financial policy is implemented.

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