ICSE Class 9 Answered
Give any two differences between fiscal
policy and monetary policy.
Asked by Topperlearning User | 05 Jun, 2015, 09:02: AM
Expert Answer
Differences between fiscal policy and monetary policy:
|
Fiscal policy |
Monetary policy |
|
Fiscal policy affects the revenue and expenditure of the government. |
Monetary policy affects the aggregate supply of money in an economy.
|
|
Fiscal policy instruments are government expenditure, imposition of taxes, subsidy provision, public debt, etc. |
Monetary policy instruments are bank rate, statutory liquidity ratio, cash reserve ratio, differential interest rates, etc. |
Answered by | 05 Jun, 2015, 11:02: AM
ICSE 9 - Economics Applications
Asked by eee | 01 Sep, 2023, 09:01: PM
ANSWERED BY EXPERT
