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Essay / Research Paper Abstract
This 4 page paper looks at fiscal and monetary policy, what it is and how it affects the U.S. economy. Several examples are given. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: RT13_SA414USm.rtf
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Unformatted sample text from the term paper:
the policy response. A student also poses the following questions: How is fiscal policy made in the United States? What are some of the problems of relying on
such a structure to influence economic outcomes? How does the fiscal policy system differ from the monetary policy mechanism? How does this impact our reliance on fiscal versus
monetary policy? In answering all of those questions, a student writing on this subject should discern the difference between fiscal and monetary policy. Fiscal policy is what government does
to control what comes in and goes out. It controls taxation as well as how much it spends. Much like someone budgets for a household and considers income as well
as how much the bills amount to, Congress does the same. When decisions are made in that realm, those decisions make up the fiscal policy. Of course, instead of a
husband and wife sitting down and hashing things out, the government does so through the use of committees. Things become complicated. Appropriations in general is a sort of budget authority
(Streeter). Monetary policy on the other hand is made by the Federal Reserve. One can see how influential the Federal Reserve Bank is by simply watching the news. During the
winter of 2001 for example, the drop in the stock market was significant and while Wall Street watchers waited for news, they also watched Federal Reserve Chairman Alan Greenspan like
a hawk. What would he say? What would he do? The market reacts to his every move. This is generally true but it tends to be the case during hard
economic times. What the Federal Reserve does in respect to raising rates and so forth does affect home buyers and investors directly. However, fiscal policy and manipulation of interest rates
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