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Hello, I am trying to better understand a few terms and how they are relevant to Macroeconomics! These are a couple of questions I am

Hello,

I am trying to better understand a few terms and how they are relevant to Macroeconomics!

These are a couple of questions I am unsure of and would love some help!

What are monetary policies?

What are fiscal policies?

What is the difference of monetary and fiscal policies?

One is one preferred over the other?

How could they promote long-run economic growth?

Thank you SO much!

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