The question being asked is "To what extent should the Canadian Government use it's fiscal and monetary policies to narrow the rich poor gap?" First of all Fiscal policy refers to the government role in collecting taxes and spending money. When using the fiscal policy the government has the ability to increase or decrease the taxes of the citizens. The monetary policy is dealing with the amount of money that is in circulation, which means that the Government can control the amount of money available to the economy. ... These are some ways that the government can use its monetary and fisc...

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The new policies primarily concern bank liquidity, capital, and corporate structure. ... In order to respond to the debt crisis, European Union embraced the need to strengthen the policy coordination between its member states in 2011. ... This package made the prevailing Stability growth and Pact (SGP) stronger, especially in the fiscal policy area. ... The council has also promised to progress rapidly towards a union of banking in order to combat the fragmentation of financial markets; this fragmentation inhibits adequate monetary policy transmission and bank lending. ... New structures of go...

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• Grade Level: Undergraduate

The government establishes policies in order to smoothen the fluctuations including monetary policies or fiscal policies. Monetary policies are to influence the interest rates, and supply of money. Fiscal policies influence resource allocation, redistribution of income, and stabilising the economy. ...

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• Grade Level: Undergraduate

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