Using a Venn diagram, compare and contrast the given research titles. Write their similarities at the center space, and write the characteristics of Research Title 1 in circle 1 and write the characteristics of Research Title 2 in circle 2.
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We are required to use a Venn Diagram and do a compare and contrast on research titles.
- We have done research on the monetary and Fiscal policy that the government uses.
- In the case of monetary policy, the Federal Bank takes the final decision while in Fiscal Policy the Executives and The Congress decide.
- The monetary policy helps to control the economy through controlling the money supply while in the case of fiscal policy it is through economy and spending.
- The monetary policy mostly impacts the lending practices of the bank while the fiscal policy impacts government services and consumer spending.
- The factors that help in monetary policy are reserve requirements and open market operations while in the case of fiscal policy it is through tax increases and budget provisions.
- The Venn Diagram to explain this further is attached.
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