An advantage of monetary policy over fiscal policy is:
A)the decisions are made by experts in finance,banking,and monetary policy,not politicians.
B)the decision makers are independent of political pressures.
C)the decision makers can change and enact policy every six weeks.
D)All of these are advantages.

Question

Quizplus · Accepted Answer

All of the given options are advantages of monetary policy over fiscal policy. Monetary policy decisions are made by experts in finance, banking, and monetary policy who have a better understanding of the economy and its workings than politicians. The decision-makers of monetary policy, such as the Federal Reserve in the US, are independent of political pressures and are not influenced by short-term political goals, unlike fiscal policy makers. Additionally, the monetary policy makers can change and enact policy every six weeks, allowing for greater flexibility and quicker responses to economic changes.

An Advantage of Monetary Policy Over Fiscal Policy Is