Assignment Instructions/ Description
How do fiscal and monetary policies under the fixed exchange rate in Saudi Arabia help the country to increase the living standard?
What are the goals of the monetary and fiscal policies, and how are they achieved?
What are the challenges that the country may encounter on the journey to achieve the goals?
What are the instruments they may use to overcome these challenges?
it must be in the following format
Introduction
Explain the role of government in stabilizing the economy through policy-making.
Main body:
Define fiscal and monetary policies in general and goals of the policies. Explain expansionary and contractionary policies. Main policy instruments for each (Fiscal: spending, taxes. Monetary: money supply > controls interest rates)
A short summary of the fixed exchange rate system in KSA.
Monetary policy in KSA (limited by the impossible trinity concept) > must follow the monetary policy of the US. Explain pluses and minuses. Incorporate discussion of challenges.
Fiscal policy in KSA (somewhat limited by the price of oil). Incorporate discussion of challenges.
Conclusions
Make sure you incorporate analysis here!
I need it to be in APA format with times new Roman font and font size 12 and 6 pages long
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