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Hazel Benjamin
History
17 June, 19:53
Difference between monetary and fiscal policy?
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Beetle
17 June, 20:01
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Monetary policy is used to stimulate or control economic growth. With incentives to spend, it activates economy; with incentives to save it may cool the economy, like in inflationary processes. Similarly, through Fiscal Policy the government can also slow down economy rising taxes. More often government wants to stimulate economy through lower taxes.
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