Overview
Expansionary policy is a crucial tool used by governments to stimulate economic growth, especially during downturns. By increasing spending or cutting taxes, governments aim to boost demand, which can lead to higher investment levels. Investment, in turn, is vital for creating jobs and enhancing pro...
Key Terms
Example: Increasing government spending to boost economic activity.
Example: Lowering interest rates to encourage borrowing.
Example: Buying stocks or real estate.
Example: GDP growth over a year.
Example: A 2% increase in prices over a year.
Example: A government program providing direct payments to citizens.