Concepts Of Economic Policy Flashcards
1
Q
What is an Economic Policy?
A
Economic Policy is a course of action that intends to influence or control the behavior of the economy.
2
Q
What are some of the examples of economic policies?
A
- Government spending and taxation
- Redistribution of wealth ie; from rich to poor
- Supply of money
3
Q
How do the economists access the economic policy?
A
- Positive Economics
- Normative Economics
