Monetary Policy vs. Fiscal Policy: A Case for Short-Run Effectiveness in Macroeconomic Stabilization

I have my essay written on the differences between fiscal and monetary policy, and which one i think is better in terms of short run, or long run. I chose monetary policy for the short-run. I am only able to cite the class textbook ( Macroeconomics Principles and Policies 14th Edithion by Baumol & Blinder) and NO other outside source. i have it written but it shows up as AI on ai detectors because I did use it, I need you to get rid of any traces of AI and if it needs editting, to edit it. RUBRIC:The second course paper aims to explore the differences between fiscal and monetary policy. The paper should take an argumentative form with the goal of identifying the various tools of each policy and having you choose which policy is more effective in achieving the goals of smoothing economic cycles, reaching full employment (5 %) while maintaining a relatively low and predictable (2 %) rate of inflation. Minimum content is 600 words. The class textbook is the only source that you are required to cite. There is no wrong policy to favor. Papers will be evaluated on the basis of full and clear identification of macroeconomic theory and making an effective argument as to which policy will best help to achieve the goals of macroeconomic policy. There are a number of approaches you can take when writing the paper. For example, in the short run monetary policy will boost investment spending and increase job creation which will reduce cyclical unemployment when the economy experiences a recessionary gap. On the other hand, fiscal policy actions (reducing tax rates and/or increasing government spending) will create such things as increases in infrastructure spending and increased disposable income when attempting to close recessionary gaps. The notion being that building a new road or bridge will improve peoples’ lives more than a temporary inrease in investment spending. Therefore, you can make your argument a short run vs long run benefit to the macroeconomy with monetary policy favorable in the short run and fiscal policy beneficial in the long run. Additionally, fiscal policy will often involve increased government spending that will add to the budget deficit and national debt levels.