What are the roles for fiscal policy that might be less effective if left to monetary policy? 2. What are some clear advantages of monetary policy over fiscal policy? 3. Why did it take so long for the US government to adopt effective use of monetary policy?

What are the roles for fiscal policy that might be less effective if left to monetary policy? 2. What are some clear advantages of monetary policy over fiscal policy? 3. Why did it take so long for the US government to adopt effective use of monetary policy?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 2PA

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please answer all question, it's really matter ( not very long, just short understandable answers)

1. What are the roles for fiscal policy that might be less effective if left to monetary policy?

2. What are some clear advantages of monetary policy over fiscal policy?

3. Why did it take so long for the US government to adopt effective use of monetary policy?

Definition Definition Policy implemented by the central bank of a country (such as the Federal Reserve in the United States) to achieve certain macroeconomic objectives. Monetary policy is a supply-side macroeconomic policy that supervises the growth rate and money supply in the economy.

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Step 1: Define Macroeconomics

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Step 2: Explain the roles for fiscal policy that might be less effective if left to monetary policy

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Step 3: Explain the advantages of monetary policy over fiscal policy

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Step 4: Explain why it took a long time to adopt an effective use of monetary policy by Country U government

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