What are the two policy options used to influence the economy?
What will be an ideal response?
Fiscal policy relies on the executive and legislative branches of government to make changes in taxes and government spending. Monetary policy under the control of the Federal Reserve can make changes in the money supply and interest rates.
Economics
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A measure of growth in the standard of living is the growth in
A) population. B) real GDP minus the growth in population. C) real GDP. D) employment. E) population minus the growth in real GDP.
Economics
When OPEC cut energy production in 1973, the aggregate supply curve shifted outward
a. True b. False Indicate whether the statement is true or false
Economics