America's economic policy refers to the strategies and actions implemented by the government to influence the country's economy. This includes decisions on taxation, trade regulations, monetary policies, government spending, and interventions in times of economic crisis.
Related terms
Laissez-faire: Laissez-faire is an economic philosophy that advocates for minimal government intervention in the economy. It promotes free markets where businesses operate with little regulation or interference from the government.
Monetary Policy: Monetary policy refers to actions taken by a central bank (in this case, the Federal Reserve) to regulate money supply and interest rates in order to stabilize prices and promote sustainable economic growth.
Tariffs: Tariffs are taxes imposed on imported goods with the aim of protecting domestic industries from foreign competition or raising revenue for the government.