Question

What is one, most important economics matter that you have learned that you wish the general public also knew so that the US, and/or other nations, could be set on a better economic course?

Answer 1

Monetary and fiscal policies are very crucial for stabilisation of economy. These policies are used by the government both during the boom and bust periods. But some times general public does not understand the importance of these policies and tend to oppose actions of government. These policies have strong bearing on economic condition of people.

Hence, it is important that people must have economic literacy. fiscal and monetary policies should be incuded in basic economic literacy programme.