By Brad Cartwright on youtube.com
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In this step, you'll learn about evaluating monetary policy and its strengths and weaknesses. The strengths of monetary policy include its quick implementation, central bank independence and few political constraints. Its weaknesses include time lags, possible ineffectiveness in a recession, conflicts between government objectives and the inability to deal with stagflation. Knowing the strengths and weaknesses of monetary policy can help inform governments on what policies to implement."