"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree?
The question seems to be suggesting that both should be used at the same time. Can you find reasons to support this claim the question seems to be putting forward?
Both monetary and fiscal policy have the same goals and targets: They are full potential growth rate in GDP, stable prices, and full employment.
But the way they are implemented, and tools used to achieve these goals are different.
Historically both monetary and fiscal authorities have learned to use these tools in a complementary fashion, otherwise they may work against each other.
Typically Fiscal policy is slower to implement but after it has been implemented it is fast to react and effect the economy.
On the other hand monetary policy is fast to implement but it takes longer, sometimes much longer, to affect the economy.
Explain why that might be?