Provide peer review to the following answer to this question.

Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree? Share your thoughts.

I would have to agree with the above statement. I think that neither alone would be effective in stimulating the economy during a recession. Both work together to create some type of balance. The government uses the monetary policy to help keep money circulating in the economy while fiscal policy focuses on how the government spends its money and pushes products and services in and out of the US economy. Both types of policies are needed to stimulate the economy in different ways. One over the other will never solely support the economy in a healthy way. Monetary policies are also used to lower interest rates, and help improve unemployment. This was used alongside the fiscal policies during the Great Recession of 2008 to restore our economy.