Government Policy

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    Government Policy

    Definition

    Monetary policy: The process by which the government, central bank, or monetary authority of a

    country controls the supply of money, availability of money, and cost of money

    or rate of interest, in order to attain growth and stability of the economy.

     

    Fiscal policy: Government policy that attempts to influence the direction of the economy through

    changes in government taxes or through some spending.

     

    Expansionary policy:

    Contractionary policy:

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