Glossary Category: Macro Intervention - Page 5 - 3auk

expansionary monetary policy

Expansionary monetary policy refers to the strategies implemented by a nation’s central bank to increase the money supply

Contractionary monetary policy refers to the measures implemented by a central bank to reduce the money supply and

Supply-side policies are government interventions designed to boost the economy’s long-term productive capacity by increasing the supply of

Monetary policy refers to the actions and tools employed by a central bank, such as the US Federal

Fiscal policy refers to the government’s use of changes in taxation and public spending to influence aggregate demand

The average rate of tax (ART) is the total tax paid divided by total income, typically expressed as

The marginal rate of tax is the proportion of additional income paid in tax, expressed as a percentage.

Expansionary fiscal policy involves increasing government spending and/or cutting taxes to stimulate economic growth. Its primary goal is

Government spending refers to expenditure by the government on the purchase of goods and services using public funds.

A proportional tax system, also known as a flat tax, requires all individuals to pay the same fixed