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Compare and contrast the full potential success of fiscal policy and monetary policy as well as their respective limitations and drawbacks, as learned this semester.
Compare and contrast the full potential success of fiscal policy and monetary policy as well as their respective limitations and drawbacks, as learned this semester. NOTE: This assignment is NOT A RESEARCH PAPER. Instead, students are expected to write an essay based entirely on course material without reliance upon or reference to any outside sources. These essays should be based completely on material learned in this course from our textbook, and powerpoints, and quizzes and homework assignments and vocabulary words, and class lectures or video made by the professor. To help you get started, concentrate on two distinct chapters in the Schiller textbook. See chapter 11 for an analysis of the strengths of fiscal policy, with some weaknesses. See chapter 12 for key limitations to fiscal policy. See chapters 13, 14 and 15 to see how monetary policy works, and its benefits. Concentrate on chapter 15 to find the failings and problems with monetary policy. Hints -- Within your answers, consider the following: --Identify and summarize the market dynamics involved in both kinds of centrally coordinated policies. --Who is in charge of these policies, and how do their different multipliers work? --Given your analysis here and, using your knowledge from
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