Identify and explain one advantage and one disadvantage in using monetary policy tools rather than fiscal policy tools to combat the effects of a…

Identify and explain one advantage and one disadvantage in using monetary policy tools rather than fiscal policy tools to combat the effects of a recession on a national economy.

Disadvantage of monetary policyA major disadvantage of monetary policy against fiscal policy is that monetary policy does notdirectly affects the demand side of the economy. Fiscal policy…