Distinguish between ‘fiscal’ and ‘monetary’. That is, what are fiscal activities and what are monetary activities?...

Distinguish between ‘fiscal’ and ‘monetary’. That is, what are fiscal activities and what are monetary activities? How are they separate things, and how are they interrelated? (Hint: The Federal Government does fiscal activity, while the Federal Reserve controls monetary activity.) The equation of exchange, MV = PQ, may be used to answer this question.

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Rahul Sunny answered 6 months ago

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