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What is a key distinction between monetary policy and fiscal policy in economic management? A. Monetary policy involves government spending and taxation, while fiscal policy

What is a key distinction between monetary policy and fiscal policy in economic management?

A. Monetary policy involves government spending and taxation, while fiscal policy focuses on interest rates and money supply.

B. Monetary policy is set by the central bank, while fiscal policy is determined by the government's budget decisions.

C. Monetary policy primarily influences employment and economic growth, while fiscal policy mainly affects inflation.

D. Monetary policy is a short-term strategy, while fiscal policy is a long-term approach to economic management.

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