👉 In the context of economics, "expansionary fiscal policy" is a type of monetary policy that aims to increase aggregate demand by reducing government spending and increasing taxes. It involves adjusting the money supply in an attempt to stimulate economic growth. The term "expansive fiscal policy" refers to policies that aim to expand the economy's potential for growth through increased investment, innovation, and consumption. This can be achieved through a combination of government spending on infrastructure projects, tax cuts, and other measures designed
