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under an economic crisis such as covid-19 is a mix of both fiscal and monetary policy...

under an economic crisis such as covid-19 is a mix of both fiscal and monetary policy a better policy rather than focusing on just one? Why?  

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Answer - A mix of both , monetary and fiscal expansionary policies are needed to boost the economy and to bring it back from the recession. The monetary policies provide the liquidity thus boosting the demand in the economy. The fiscal policies provide more incentives for increasing the production. In the phase of covid 19 , both demand and supply have been adversely affected. Hence there is a need for both , the fiscal and the monetary expansion policies. This is needed so that both the demand and the supply in the economy can be boosted simulatneously so as to bring the rise in the income levels , reduce the unemployment and boost the GDP of the economy. Implementation of just one policy , will only accomplish the half task.

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