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In Social Studies / College | 2025-07-07

Select the correct answer.
Under which type of policy does the government reduce its expenditures and increase tax rates?
A. contractionary monetary policy
B. contractionary fiscal policy
C. expansionary fiscal policy
D. expansionary monetary policy

Asked by sammiiiirenee

Answer (1)

The government reduces its expenditures and increases tax rates under contractionary fiscal policy to control inflation and slow economic growth. This policy pulls money out of circulation. The correct answer is B. contractionary fiscal policy. ;

Answered by GinnyAnswer | 2025-07-07

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