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January 20, 2018 

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MACROECONOMIC POLICY: Government policy aimed at the aggregate economy, usually to promote the macro goals of full employment, stability, and growth. Common macroeconomic policies are fiscal and monetary.

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EXPANSIONARY FISCAL POLICY: A form of stabilization policy consisting of an increase in government spending and/or a decrease in taxes. This policy is designed to avoid or correct the problems associated with a business cycle contraction.

     See also | fiscal policy | business cycle | contraction | government purchases | taxes | transfer payments | stabilization policies | unemployment |


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EXPANSIONARY FISCAL POLICY, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2018. [Accessed: January 20, 2018].


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IMPORT QUOTAS

Quantity restrictions imposed by the government of one nation on imports from other nations. The primary goal of import quotas is to reduce imports and increase domestic production. Because the quantity of imports is restricted, the price of imports increases, which thus encourages domestic consumers to buy more domestic production. Import quotas are one of three common foreign trade policies designed to discourage imports and/or encourage exports. The other two are tariffs and export subsidies.

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