What are the two types of government policies?
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Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
Policy makers undertake three main types of economic policy:Fiscal policy: Changes in government spending or taxation.Monetary policy: Changes in the money supply to alter the interest rate (usually to influence the rate of inflation).Supply-side policy: Attempts to increase the productive capacity of the economy.
2023-06-17 10:37:59
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Julian Turner
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Policy makers undertake three main types of economic policy:Fiscal policy: Changes in government spending or taxation.Monetary policy: Changes in the money supply to alter the interest rate (usually to influence the rate of inflation).Supply-side policy: Attempts to increase the productive capacity of the economy.