Describe the difference in between tools between Fiscal Policy and Monetary policy in the United States

((((Describe the channels through which each policy influences the economy and Articulate some challenges associated with each policy. Here in the US the government is responsible for fiscal policy and used both government spending and tax policy decisions to influence the economy. Is this the case with the Ministry of Finance as well? Also, here in the US the government and the central bank are both concerned with the price level, unemployment and GDP. They both work to achieve stable prices, full employment and growth. )))

MUST INCLUDE DIFFRENCES

• Describe the tools of discretionary fiscal policy
• Describe the tools of monetary policy
• Explain the impact of expansionary and contractionary fiscal and monetary policy on the price level, unemployment, and real GDP
• Articulate the challenges of fiscal policy and monetary policy