Examlex
A contractionary fiscal policy is one that reduces aggregate demand by decreasing:
Federal Budget
An annual statement of the United States government's expenditures and revenues, detailing the allocation of resources among various federal agencies and programs.
Aggregate Demand
The sum of desires for goods and services in an economy, assessed at an established overall price level and during a distinct period.
Transfer Payments
Financial distributions without the requirement of goods or services in return, such as welfare or social security.
Tax Revenues
Governments' income derived from tax levies.
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