f) Strengths and weaknesses

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Last updated 9:44 PM on 5/11/26
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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

  • low consumer confidence → no response to interest rate changes

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