What is the difference between monetary and fiscal policy?
An example of an AI chatbot conversation about monetary vs fiscal policy differences.
What is the difference between monetary and fiscal policy?
Monetary policy involves managing the money supply and interest rates, while fiscal policy relates to government spending and taxation.
Can you give me examples of each?
Sure! An example of monetary policy is when a central bank lowers interest rates to stimulate the economy. Fiscal policy example is increasing government spending on infrastructure.
How do these policies affect inflation?
Monetary policy can control inflation by adjusting interest rates, while fiscal policy can influence inflation through government spending and tax policies.
Which policy is more effective in a recession?
Both can be effective, but fiscal policy is often seen as more direct in stimulating demand during a recession.
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