contractionary fiscal policy
contractionary fiscal policy
Glossary micro and macro economics
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Economics
Definition of contractionary fiscal policy
contractionary fiscal policy : combination of government reduction in spending and a net increase in taxes, for the purpose of decreasing aggregate demand, lowering price levels, and thus controlling inflation.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of contractionary fiscal policy
Meaning of contractionary fiscal policy
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