An expansionary approach refers to a policy or strategy that seeks to increase government intervention, spending, or regulation in order to stimulate economic growth or address societal issues.
Related terms
Keynesian Economics: An economic theory that supports government intervention through increased spending during times of recession.
Stimulus Package: Government measures aimed at boosting economic activity through increased spending on infrastructure projects or tax cuts.
Quantitative Easing: A monetary policy tool used by central banks to stimulate the economy by buying financial assets from commercial banks.