Modifies a noun

• policy: The unions, and the left, must keep up the pressure for an expansionary economic policy.

• logic: Behind this imperial aggression against a sovereign state is both the inner, expansionary logic as well as the crisis of corporate-led capitalist globalization.

• budget: This expansionary Budget already seems out of tune with the times.

• period: The late 1980s marked a strong expansionary period for the poster industry.

Modifying Another Word

• highly: Monetary and fiscal policy has been highly expansionary both times, with periods of negative real interest rates.

• sufficiently: If they are now to be criticized for not running sufficiently expansionary fiscal policies, they will be running around like headless chickens.