Statement (I): Monetary policy causes a deliberate change in government revenue and expenditure with a view to influencing the price level and the quantum of national output.
Statement (II): Fiscal policy regulates the money supply and the cost and the availability credit.
In the light of the above statements, choose the most appropriate answer from the options given below:
Both Statement (I) and Statement (II) are correct.
Both Statement (I) and Statement (II) are incorrect.
Statement (I) is correct but Statement (II) is incorrect.
Statement (I) is incorrect but Statement (II) is correct