Discuss use of monetary and fiscal policy for stabilization


Problem

In parliamentary governments, such as the United Kingdom, the prime minister can announce a change in taxation or expenditure and implement that change almost immediately. How might this fact affect the balance between the use of monetary and fiscal policy for short-run stabilization?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Discuss use of monetary and fiscal policy for stabilization
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