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Monetary and Fiscal Policy The Monetary and Fiscal Policies, although controlled by two different organizations, are the ways that our economy is kept under control. Both policies have their strengths and weaknesses, some situations favoring use of both policies, but most of the time, only one is necessary. The monetary policy is the act of regulating the money supply by the Federal Reserve Board of Governors, currently headed by Alan Greenspan. One of the main …

…in private hands without directly affecting them. The policies are simply a myriad of tools used to prevent a long period where there is high unemployment, inflation, and prices, along with low wages and investment. Web Sites http://usinfo.state.gov/products/pubs/oecon/chap7.htm http://netec.mcc.ac.uk/WoPEc/data/Papers/navecupna9806.html http://www.econ.iastate.edu/classes/econ355/choi/mac2.htm http://www.drfurfero.com/books/231book/ch15k.html