The Two Directions of Monetary Policy
The Two Directions of Monetary Policy
Expansionary, or loose, monetary policy lowers interest rates, expands the money supply, or eases credit conditions. Its purpose is to increase aggregate demand when the economy is weak.
Step-by-step lessons on CIE Intl A Level Economics 5.3.3 distinction between expansionary and contractionary monetary policy. Each one builds up to exam-style questions.