1)What are some economic policy screw ups by a country or an MNC and why was it a screw up?

2)Economists, does Trumps economic policy make any sense?

3)What is the difference between fiscal and monetary policies? How do fiscal and monetary policies affect national and global markets, and what are the changes that take place on a macro and microeconomic level?

1)The economic policy that was applied by the government of the US is trickle-down economic policy. This policy suggested that the rise in the welfare of the top class would stimulate the benefits of the lower class as well. These benefits were tax cuts on businesses and high payoff to top-class workers. This policy did not give the desired results and raised the gap between wealthy and poor class. Nevertheless, this policy is still being applied by the governments after some amendments in the hope that it will stimulate the growth of the country as a whole in the US. The amendments were made to lower down the unemployment rate and establish the relationship between poor and rich.

Indian company Hero companies had an agreement with the Japanese Honda Company, there were some conflicts regarding the plans of the companies. For some years, these two companies cooperated with each other after changing some of the strategies and policies of the company related to sharing technology, payment of royalty, and sharing of spare parts. The changes in the policies of solo running business were made to resolve the conflicts of the companies, but later, cooperation became unbearable and the two companies broke the agreement that affected the performance of the business adversely.

2)No, Trump's economic policy does not make any sense that means no one has thought it so it does not seem to exist. Trump's economic policy is to reduce taxes when the unemployment is low such that the IS curve shifts rightward which increases the rate of interest in such a manner that the aggregate demand curve shifts rightward such that both price level and output increase. And, an increase in unemployment by increasing tariff such that the IS curve shifts leftward which decreases the rate of interest in such a manner that the aggregate demand curve shifts leftward such that both price level and output decrease. So, It is not a coherent strategy.

3)

Fiscal policy refers to a change in spending of the government, change in tax rate or transfers by the government for economic growth.

Monetary policy refers to change in the money supply of the economy by the central bank using monetary instruments such as repo rate, bank rate, and cash reserve ratio and so on.

Fiscal policy and monetary policy affect the national and global market because these policies result in a change in the economic variable. The interest rate change will affect the investment market, change in the price level will affect the production and consumptions choice, change in income will state the growth measure, unemployment level change will measure economic prosperity.

Changes that take place at the macro level are fluctuations in aggregate output, general price level, inflation, unemployment and interest rate of the market. The changes in the microeconomic level are changes in the decision making of individuals which results in changes such as an increase in individuals demand, changes in profits and revenues of firms.