Economics · Monetary vs Fiscal Policy
Given below are two statements: Statement (I): Monetary policy causes a deliberate change in government revenue and expenditure with a view to influencing the price level and national output. Statement (II): Fiscal policy regulates the money supply and the cost and availability of credit. In light of the above statements, choose the correct answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement (I) is incorrect but Statement (II) is correct
- 2Statement (I) is correct but Statement (II) is incorrect
- 3Both Statement (I) and Statement (II) are incorrect✓
- 4Both Statement (I) and Statement (II) are correct
Correct answer
Both Statement (I) and Statement (II) are incorrect
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