Aqa As Economics Econ 2 Policy Definitions

Front 1

Demand-side policies

Back 1

Changes in the level of structure of government spending ad taxation aimed at influencing one or more of the components of aggregate demand

Front 2

Discretionary Fiscal Policy

Back 2

The deliberate manipulation of government spending and taxation to reduce aggregate demand within the economy

Front 3

Fiscal Policy

Back 3

The policy of the government regarding taxation or the levels of government expenditure

Front 4

Expansionary fiscal policy

Back 4

Increasing the levels of government expenditure an taxation to influence aggregate demand during a downturn in economic activity

Front 5

Monetary Policy

Back 5

Controlling the macro economy via changes to monetary variables such as interest rates and the money supply

Front 6

Supply-side Fiscal Policy

Back 6

Changes in the level or structure of government spending and taxation designed to improve the supply side of the economy through influencing incentives to save

Front 7

Supply-side Policies

Back 7

A range of measures designed to increase aggregate supply and hence the economy and hence the potential output of the economy though many improvements may come from the private sector