The indicator given from Gross Domestic Product is so closely watched that it can influence monetary and fiscal policies of the United States Government. Fiscal policies are derived by the legislative and executive branches and are only in regards to government spending whereas monetary policies are set by the Chairman of the Federal Reserve (Fiscal Policy). Historically though, the United States governmental policy, whether be fiscal or monetary, has been laissez-faire. ... Take for example when calculating GDP and total spending does not equal total output, thus there either being a shortage...

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