Fiscal vs Monetary

Discuss the role of fiscal and monetary policy in Australia and assess their effectiveness in achieving the government's current eco objectives.
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Monetary and fiscal policy the key macroeconomic policies, allow the Australian government to manipulate aggregate demand in order to achieve their economic objectives. Macroeconomic policies attempt to smooth fluctuations in the business cycle in the short to medium term by influencing the level of aggregate demand, as seen in the diagram. Monetary policy is...... Fiscal policy is....These policies in conjunction…