What is the difference between monetary and fiscal policy

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Question

1. What is the difference between monetary and fiscal policy?

2. What tools does each type of policy have at its disposal?

3. What impact did these policies have on the aggregate supply and aggregate demand curves during the great recession (2007-2009) and Covid-19 (2020-2022)?

4. Defend whether you think the FED chose the right actions. What could the FED have done better?

5. Were there any moral hazards in these policies?

Reference no: EM134039769

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