User: 

You are given access to make searches on the Internet. The format for making a search is: 1. The user sends a message. 2. You will decide whether to make a search. If you choose to make a search, you will output a single message, containing the word 
 (EXACTLY AS IT IS GIVEN TO YOU), followed by ONLY your web search query. After outputting your search query, you MUST output the token 
 (EXACTLY AS IT IS GIVEN TO YOU) to denote the end of the search query. Keep your search query concise as there is a 400 characters limit.
The system will then append the web search results at the end of the user message, starting with the token 
. Take note that the user CANNOT ACCESS the content under 
 - YOU should incorporate these results into your response. Additionally, If the token 
 is present in the user's message, then you MUST NOT request another web search.

IMPORTANT! You should choose to search the web ONLY if ANY of the following circumstances are met:
1. User is asking about current events or something that requires real-time information (news, sports scores, 'latest' information, etc.)
2. User is asking about some term you are unfamiliar with (e.g. if it's a little-known term, if it's a person you don't know well, etc.)
3. User is asking about anything that involves numerical facts (e.g. distances between places, population count, sizes, date and time, etc.)
4. User explicitly asks you to search or provide links to references.
If the user's query does NOT require a web search, YOU MUST NEVER run one for no reason.
However, NEVER refuse to search the web if the user asks you to provide such information.

When using web search results, you are encouraged to cite references where appropriate, using inline links in standard markdown format.
You are also allowed to make use of web search results from previous messages, if they are STRONGLY RELEVANT to the current message.

When you are not running a web search, respond completely as per normal - there is NO NEED to mention that you're not searching. 
Do your best to be informative. However, you MUST NOT make up any information. If you think you might not know something, search for it.

Assistant: Understood. I will strictly follow these instructions in this conversation.
User: explain to a year 12 student what both monetary and fiscal policies are, using simple examples


 for "explain to a year 12 student what both monetary and fiscal policies are, using simple examples":

1.
URL: https://quizlet.com/606591675/ch-13-macro-hw-flash-cards/
Title: CH 13 Macro HW Flashcards - Quizlet
Content: Study with Quizlet and memorize flashcards containing terms like What are the similarities and the differences between <b>monetary</b> <b>and</b> <b>fiscal</b> <b>policies</b>? <b>To</b> answer this, complete the following table by identifying those features that both <b>policies</b> share and those features where the <b>policies</b> differ. Do this by inserting the letter S (for similarity) or D (for difference) in each response box., The ...

2.
URL: https://quizlet.com/41967464/19-monetary-and-fiscal-policy-flash-cards/
Title: #19 - Monetary and Fiscal Policy Flashcards - Quizlet
Content: <b>Fiscal</b> policy is a government's use of taxation and spending to influence the economy. <b>Monetary</b> policy deals with determining the quantity of money supplied by the central bank. Both <b>policies</b> aim to achieve economic growth with price level stability, although governments use <b>fiscal</b> policy for social and political reasons as well.

3.
URL: https://www.richmondfed.org/-/media/richmondfedorg/education/for_teachers/resources/5e_educator/2013/pdf/fiscal_policy_monetary_policy_lesson_plan.pdf
Title: <span class="result__type">PDF</span> Fiscal Policy &amp; Monetary Policy: What&#x27;s the difference? - Richmond Fed
Content: 8. Divide the <b>students</b> into small groups . Inform the <b>students</b> that they will be <b>using</b> <b>what</b> they have learned about <b>monetary</b> <b>and</b> <b>fiscal</b> policy to examine quotes from news sources and determine whether the quotes are about <b>fiscal</b> policy, <b>monetary</b> policy or both <b>policies</b>. 9. Distribute a copy of Handout <b>12</b>: Group Venn Diagram Worksheet to each group.

4.
URL: https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-policy.asp
Title: Monetary Policy vs. Fiscal Policy: What&#x27;s the Difference? - Investopedia
Content: <b>Monetary</b> Policy vs. <b>Fiscal</b> Policy: An Overview . <b>Monetary</b> policy and <b>fiscal</b> policy refer to the two most widely recognized tools used to influence a nation's economic activity.

5.
URL: https://www.businessinsider.com/personal-finance/monetary-policy-vs-fiscal-policy&quot?op=1
Title: Monetary Policy Vs. Fiscal Policy: Comparison, Examples - Business Insider
Content: Government <b>fiscal</b> policy employs taxes and spending to control the economy while central bank <b>monetary</b> policy manages interest rates and the money supply to accomplish the same goal.

6.
URL: https://www.investopedia.com/terms/p/policy-mix.asp
Title: Policy Mix: Overview, History, Examples and How It Works - Investopedia
Content: <b>A</b> nation's <b>fiscal</b> policy is made up of all of its programs that involve spending money and raising money. These programs exist in part to support crucial components of the economy such as ...

7.
URL: https://www.economicshelp.org/blog/1850/economics/difference-between-monetary-and-fiscal-policy/
Title: Difference between monetary and fiscal policy - Economics Help
Content: <b>Monetary</b> policy involves changing the interest rate and influencing the money supply. <b>Fiscal</b> policy involves the government changing tax rates and levels of government spending to influence aggregate demand in the economy. They are both used to pursue <b>policies</b> of higher economic growth or controlling inflation. <b>Monetary</b> policy. <b>Monetary</b> policy ...

8.
URL: https://www.businessinsider.com/personal-finance/investing/monetary-policy-vs-fiscal-policy?op=1
Title: Monetary Policy Vs. Fiscal Policy: Key Differences Explained
Content: <b>Monetary</b> policy seeks to control the economy by manipulating the money supply and interest rates. <b>Fiscal</b> policy is designed to achieve the same end <b>using</b> targeted taxes and spending.

9.
URL: https://www.financestrategists.com/wealth-management/macroeconomics/fiscal-policy-vs-monetary-policy/
Title: Fiscal Policy vs Monetary Policy | Definition and Differences
Content: <b>Fiscal</b> <b>and</b> <b>monetary</b> <b>policies</b> <b>are</b> related but different ways of managing the economy. <b>Monetary</b> policy focuses on controlling the money supply while <b>fiscal</b> policy focuses on controlling taxation and spending by the government. These <b>policies</b> <b>are</b> yoked together, with each having to be effective for the other to be effective as well.

10.
URL: https://byjus.com/commerce/difference-between-monetary-policy-and-fiscal-policy/
Title: Difference between Monetary Policy and Fiscal Policy - BYJU&#x27;S
Content: <b>Monetary</b> <b>policies</b> <b>are</b> formed and managed by the central banks of a country and such a policy is concerned with the management of money supply and interest rates in an economy. <b>Fiscal</b> policy is related to the way a government is managing the aspects of spending and taxation.

11.
URL: https://www.jotscroll.com/monetary-vs-fiscal-policy-differences-similarities
Title: Monetary vs Fiscal Policy Differences and Similarities
Content: Comparison of <b>monetary</b> vs <b>fiscal</b> policy taking note of the differences and similarities. A <b>simple</b> definition for both <b>fiscal</b> <b>and</b> <b>monetary</b> <b>policies</b> is that they are tools used by government and central banks to regulate the economy in order to control inflation, poverty, unemployment, etc. Below, you will learn the basics of <b>monetary</b> vs <b>fiscal</b> policy simplified in a way that you can understand ...

12.
URL: https://www.economicshelp.org/blog/534/economics/define-fiscal-and-monetary-policy/
Title: Define Fiscal and Monetary Policy - Economics Help
Content: For <b>example</b>, in the great recession 2008-<b>12</b>, Central Banks in UK and US pursued quantitative easing. This involved increasing the money supply to increase demand. <b>Monetary</b> policy. UK interest rates cut in 2009 due to the global recession. <b>Fiscal</b> Policy. <b>Fiscal</b> policy relates to the impact of government spending and tax on aggregate demand and ...

13.
URL: https://www.toolazytostudy.com/monetary-fiscal-policy
Title: Monetary policy and Fiscal policy │ 100 + Questions Answered
Content: Explore the Tools of Economic Control! Learn about Expansionary <b>Fiscal</b> Policy and <b>Monetary</b> Policy, and how they impact inflation. Discover Strategies to Reduce and Control Inflation <b>using</b> <b>both</b> <b>Policies</b>. Dive into Policy Measures during a Recession and get insights on A Level Economics Essays for <b>Fiscal</b> <b>and</b> <b>Monetary</b> Policy. Unravel the concept of Liquidity Trap in <b>Monetary</b> Policy and explore ...

14.
URL: https://www.tutor2u.net/business/reference/fiscal-monetary-policy
Title: Fiscal and Monetary Policy | Reference Library | Business - tutor2u
Content: <b>Fiscal</b> policy is also used to change the pattern of spending on goods and services e.g. spending on health care and scarce resources allocated to renewable energy. <b>Fiscal</b> policy is also a means by which a redistribution of income & wealth can be achieved for <b>example</b> by changing tax rates on different levels of income or wealth. There two main ...

15.
URL: https://www.savemyexams.com/a-level/economics/aqa/17/revision-notes/the-national-and-international-economy/12-financial-markets-and-monetary-policy/central-banks-and-monetary-policy/
Title: Central Banks &amp; Monetary Policy - Save My Exams
Content: The Role of the <b>Monetary</b> Policy Committee of the Bank of England. The <b>Monetary</b> Policy Committee (MPC) under the Bank of England (UK Central Bank) is responsible for setting <b>monetary</b> policy. They meets eight times a <b>year</b> <b>to</b> set policy and consist of nine members. The single most important consideration in their deliberations is the inflation target of 2% CPI


Assistant: