First, briefly explain what is meant by a policy mix. Second, explain what effect different policy mixes might have on the level of output, investment, and the interest rate.

policy mix

Explanation: Policy mix is the combination of a country fiscal policy and monetary policy for the growth and development of the country. Fiscal policy and Monetary policy are determine by the central bank and government respectively.The policy aim is to increase growth and decrease unemployment.

There are two policy which fiscal and monetary policy can create desire effect. First when the degree of imbalance is not completely clear,in this case if the fiscal and monetary policy is both tight the macro economy will be subjected to ups and down. As so,a mix of expansionary fiscal policy and tight monetary policy reduces the policy risk and may help to rebalance economy growth.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.