Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Introduction
Monetary policy: Monetary policy are the policy measures that are being taken by the central bank of a country in order to limit or expand the money supply in the economy in order to control inflation in the economy.
Fiscal Policy: These are the policy measures that are being taken care of by the government of a country to keep the economy in an equilibrium state.
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