Question1.'Monetary policies are more effective than fiscal policies for attaining full-employment equilibrium in economies.' Use the theories, principles, and models covered in Macroeconomics - Theory & Practice to analyze and evaluate this statement.

In your essay response, relevant principles, theories, and models should be identified and suitably applied with effective analysis and evaluation. Include appropriate graphs, drawn by yourself only, that are accurate, labelled, and fully explained. The narrative should be limited to approximately 450 w o r d s,