Most observers nowadays see monetary policy as much less important than fiscal policy.

Question

Quizplus · Accepted Answer

While there may be some debate about the relative importance of monetary and fiscal policy, many observers still consider monetary policy to be a vital tool for managing the economy. Monetary policy affects interest rates, inflation, and the availability of credit, which can have significant impacts on economic activity. Fiscal policy, meanwhile, involves government spending and taxation, which can also have major effects on the economy. Both monetary and fiscal policy are important tools for policymakers, and many experts believe that a coordinated approach is needed to best address economic challenges.

Most Observers Nowadays See Monetary Policy as Much Less Important