A major advantage of monetary policy over fiscal policy is that monetary

Question

Quizplus · Accepted Answer

Monetary policy can be put into effect more quickly than fiscal policy as it involves actions by central banks such as adjusting interest rates, which can be done relatively quickly. In contrast, fiscal policy involves actions by government, such as changing tax rates or government spending, which can take longer to implement due to political negotiations and legislative processes.

A Major Advantage of Monetary Policy Over Fiscal Policy Is