a) Policies

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Last updated 8:34 PM on 5/7/26
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4 Terms

1
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  • define demand-side policies

  • state the two types of demand-side policies

  • policies aimed at shifting AD

  • monetary policy + fiscal policy

2
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  • define monetary policy

  • define fiscal policy

  • the use of interest rates and the money supply to shift AD

  • the use of government expenditure and taxation to shift AD

3
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  • describe the setting of the monetary policy

  • describe the setting of the fiscal policy

  • set by the the Bank of England Monetary Policy Committee eight times a year

  • set by the government → introduced to the public in the government budget once a year

4
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  • n/a

  • n/a