f) Strengths and weaknesses

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Last updated 6:47 PM on 10/7/26
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4 Terms

1
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  • state the strengths of monetary policy


  • central bank is not influenced by political agendas

  • long-term outlook and planning


2
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  • state the weaknesses of monetary policy


  • time lag between policy and effect

  • dependent on consumer confidence


3
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  • state the strengths of fiscal policy


  • taxation → income equality + less negative externalities

  • short-run government expenditure can increase LRAS


4
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  • state the weaknesses of fiscal policy


  • political changes → fluctuating policies

  • government expenditure → budget deficit + public debt → austerity