Monetary and Non-Monetary incentive- when you describe monetary, it is like if you had a career in engineering, you have that job because you like the money it pays. A non-monetary concept is if I had a job like being a teacher and I had the opportunity to tutor for fun, not because I have too. ... In a monetary policy they can change the reserve requirement. ... Fiscal Policy is controlled by elected officials, they set taxes, borrowing and spending money so they can get the economy rolling if they are in a recession. 2. 12.4 1. ...

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• Grade Level: High School