Difference between revisions of "Expansionary policy"
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Latest revision as of 14:58, 2 July 2020
Expansionary policy is a policy that raises aggregate demand, real income, and employment. (Cf. contractionary policy.)
Definition
According to Macroeconomics by Mankiw (7th edition),
- Expansionary policy. Policy that raises aggregate demand, real income, and employment. (Cf. contractionary policy.)
