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What Are the Fiscal Policy Options to Reduce an Inflationary

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Essay

What are the fiscal policy options to reduce an inflationary gap? Do these policies have the same impact?


Definitions:

Information Scarcity

A situation where necessary or desired information is limited or hard to obtain.

Decision Making Process

A series of steps taken by an individual or a group to identify and evaluate options and make a choice among them.

Assumption Smashing

A creativity and problem-solving technique that challenges and breaks down existing assumptions to explore new possibilities.

Lateral Thinking

A problem-solving technique that involves looking at situations or problems from a unique or unexpected perspective.

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