Expansionary policy is the policy is employed when the government chooses to run a larger deficit.
What is Expansionary policy?
Expansionary policy is the policy employed by the government with the intention of boosting business investment and consumer spending by injecting or supplying more money into the economy which can be through direct government deficit spending or by increasing lending to businesses and consumers.
Therefore, Expansionary policy is the policy is employed when the government chooses to run a larger deficit.
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