Monetary coverage is using the central financial institution policies to affect the level of financial activity. The chairman of the Federal Reserve Board is required to report back to Congress twice each year on its monetary coverage” (Rittenberg & Tregarthen, 2012, pg.181/229). It is used to help the economy throughout a recession by regulating the cash supply, which is influenced by rates of interest. Fiscal coverage is the use of government purchases, transfer funds and taxes to influence the level of economic activity” (Rittenberg & Tregarthen, 2012, pg.181). With the fiscal coverage, the federal government is ready to regulate the expenditure and financial system by taxes.
I do hope that Congress is able to pass something that includes a public possibility. If we find yourself with some mandate that everybody should purchase personal insurance coverage it will likely be a disaster, and if we end up with no health care … Read more