How do money multipliers and spending multipliers impact the effectiveness of the monetary and fiscal policy? Compare and contrast the use of fiscal policy with the use of monetary policy in trying to achieve macroeconomic stability. Be sure your analysis includes addressing the following for each of fiscal policy and monetary policy: time lags in enacting policy and its full effectiveness, the effect on businesses, investment, and employment, the effect on inflation, the effect on the federal budget deficit, and the national debt, the effect on the value of the U.S. dollar, the effect on exports and imports, allocative efficiency (deadweight loss), and long-run economic growth.cite