Answer:
Monetary policy : Federal reserve’s tool to influence the money supply in the economy
Fiscal policy :Federal government’s way to influence the economy through taxes
Factor market : a market where firms buy services related to production
Product market: a market where finished goods and services are traded
Explanation:
1) Fiscal Policy
It consists of the Federal Reserve charging other banks and other taxation instruments by the Government, so that the offer of circulating money may increase or decrease, depending on the need of the country.
2) Monetary Policy
The best friend of Fiscal Policy because they are used together very often. inflation, control interest rates, exchange rates and so on.
3) Factor market
The denomination for a market of resources to make money also called the input market. It's an essential market for every industry. Labor, raw materials, land are examples of resources traded at the factor market.
4) Product market
The most known market since everyone consumes. We buy goods and services from this market. Automobiles, cars, cell phones are examples of products traded on this market.
