macroeconomics

5. a. Explain what is meant by fiscal and monetary policy. Explain what would account to expansionary or contractionary policy under both. [6 marks] 5. b. List and explain 3 different characteristics of money. [6 marks] 5. c. Indicate the three functions of money. [3marks] 5. d. When the government alters spending or taxes, why might the resulting shift in aggregate demand be greater or smaller than the fiscal change? Illustrate your answer with relevant diagrams. [10 marks]