The $700 billion economic bailout package passed by Congress in 2008 was an example of monetary policy.

Question

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The $700 billion economic bailout package passed by Congress in 2008 was actually an example of fiscal policy, which involves government spending and taxation. Monetary policy is controlled by the Federal Reserve and involves managing interest rates and the money supply to influence the economy.

The $700 Billion Economic Bailout Package Passed by Congress in 2008