Economic Policies and Concepts

The use of government spending and taxation to influence the economy.

• Fiscal Policy

• Appropriations Bill

• Contractionary Policies

• Fiscal Year

Spans 12 months and corresponds with a company's budgeting process and financial reporting periods.

• Appropriations Bill

• Classical economics

• Fiscal Year

• Demand-Side economics

An authorization by the general assembly for an agency to spend a specified sum of money from the public funds.

• Crowding-out Effect

• Appropriations Bill

• Classical Economics

• Fiscal Policy

Seeks to stimulate an economy by boosting demand through monetary and fiscal stimulus

• Contracting Policies

• Supply-side Economics

• Expansionary Policies

• Keynesian economics

A tool used to reduce government spending or the rate of monetary expansion by a central bank to combat rising inflation.

• Crowding-out effect

• Treasury Bond

• Expansionary Policies

• Contractionary Policies

A body of work on market theories and economic growth which emerged during the 18th and 19th centuries.

• Classical Economics

• Supply-side Economics

• Demand-side Economics

• Keynesian economics

Holds that demand for goods and services drives economic growth

• Demand-side Economics

• Supply-Side Economics

• Classical Economics

• Keynesian Economics

Justify government intervention through public policies that aim to achieve full employment and price stability

• Classical Economics

• Demand-side Economics

• Keynesian Economics

• Supply-side Economics

A phenomenon whereby a given chance in a particular input, such as government spending, cause a large change in an output, such as gross domestic product.

• Multiplier effect

• Expansionary Policies

• Treasury Bond

• Crowding-out effect

Beliefs that producer, and their willingness to create goods and services, set the pace for economic growth.

• Demand-side economics

• Classical economics

• Supply-side economics

• Keynesian economics