Policy changes refer to adjustments made by the government or central bank to influence economic conditions. These changes can include fiscal policy measures such as tax cuts or increased government spending, or monetary policy actions like adjusting interest rates or the money supply.
Related terms
Fiscal Policy: Fiscal policy refers to government actions related to taxing and spending, which are used to influence economic conditions.
Monetary Policy: Monetary policy involves actions taken by a central bank, such as adjusting interest rates or managing the money supply, in order to stabilize and regulate an economy.
Expansionary Policy: Expansionary policies aim to stimulate economic growth through measures like increasing government spending or lowering taxes.