The Fiscal Policy in Economics

Economics is the social science that studies the production, distribution, exchange, and consumption of goods and services. The study of economics focuses on how individuals, corporations, and societies choose to use the scarce resources provided by nature and previous generations. The two policies in today's economics are none other than the Fiscal and Monetary Policy. Although they both deal with economics you could not find any stranger of a pair of opposites than these. The reason why is because the Fiscal Policy is defined as, changes in government expenditures and/or taxes to achieve particular economic goals, such as low unemployment, stable prices, and economic growth. On the other hand, the Monetary Policy is defined as, changes in the money supply, or in the rate of change of the supply, to achieve particular macroeconomic goals. …