Overview
Economic policy in crisis is a critical area of study that examines how governments respond to economic downturns. By implementing fiscal and monetary policies, governments aim to stabilize the economy, promote growth, and mitigate the effects of crises. Understanding these policies helps us grasp t...
Key Terms
Example: Increasing taxes to reduce budget deficits.
Example: Lowering interest rates to encourage borrowing.
Example: Tax cuts for businesses to increase production.
Example: Stimulus checks to increase consumer spending.
Example: A 2% inflation rate means prices increase by 2% over a year.
Example: Two consecutive quarters of negative GDP growth.
Related Topics
Key Concepts
Fiscal PolicyMonetary PolicySupply-Side EconomicsDemand-Side Economics