FOUNDATIONS OF BUSINESS
FOUNDATIONS OF BUSINESS
6th Edition
ISBN: 9780357685594
Author: Pride
Publisher: CENGAGE L
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Chapter 1.5, Problem 3CC
Summary Introduction

To determine: How Fed and government use monetary and fiscal policy to decrease the effects of economic crisis.

Introduction: The Federal Reserve System is also called as Fed is the national bank of the United States. It was to give the country more secure, more adaptable, and steadier money related and budgetary framework. Throughout the years, its part in managing an account and the economy has extended.

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Explanation of Solution

The Fed and government use monetary and fiscal policy to decrease the effects of economic crisis by the following ways:

The Fed and the government utilize monetary policy and fiscal policy to guide the economy. In any case, the viability of monetary policy and fiscal policy is vigorously addressed. Monetary and fiscal policies are utilized by the Federal Reserve and government to balance the impacts of recession and depression. The impacts of a drooping economy were decreased by the Federal Reserve by utilizing monetary strategy and to expand buyer’s spending the Federal government has presented a few monetary incentive programs.

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