Economics GCSE
Expenditure-reducing policies
What Expenditure-reducing policies means in Economics GCSE, as defined for AQA.
Definition of Expenditure-reducing policies
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Reference: AQA
Policies such as contractionary fiscal policy or monetary policy that aim to reduce domestic demand, thereby lowering the consumption of imported goods.
Topics that use Expenditure-reducing policies
- Balance of payments (AQA GCSE)
Related terms
- Balance of payments
- Balance of trade
- Current account
- Current account deficit
- Current account surplus
- Economic growth
- Exchange rates
- Inflation
Using Expenditure-reducing policies in the exam
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