Give Two Examples of Contractionary Fiscal Policy

question 8

Essay

Give two examples of contractionary fiscal policy.What will be the effect on government surplus/deficit?

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Definitions:

Anniversary Dates

Specific dates that mark the yearly recurrence of significant events, such as weddings, company founding, or personal achievements.

Group Rates

Discounted pricing offered to members of a group when purchasing goods or services together, commonly found in hotel bookings or event tickets.

Flexible Benefit Plan

A Flexible Benefit Plan allows employees to choose from a range of benefits to create a package that best suits their personal needs and circumstances.

Topping Out

A construction industry term referring to the tradition of placing a tree or flag on top of a building when the last beam is installed.