Relative to fiscal policy,monetary policy
A)has fewer harmful side effects.
B)requires much more time to implement.
C)is more closely controlled by Congress.
D)is much more independent of the political process.

Question

Quizplus · Accepted Answer

Monetary policy is conducted by the Federal Reserve, which is independent of the political process and has the ability to implement policies quickly. Fiscal policy, on the other hand, requires Congress to pass legislation, which can take much more time and often involves more political negotiations. Additionally, fiscal policy can have more harmful side effects, such as adding to the national debt or causing inflation.

Relative to Fiscal Policy,monetary Policy