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What Is 'Contractionary Fiscal Policy' and Under What Circumstances Would

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Essay

What is 'contractionary fiscal policy' and under what circumstances would it be used?
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Definitions:

Power in Society

The ability to influence or outright control the behavior of people and the course of events within a community or society at large.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, resulting in a shift from agricultural economies to manufacturing economies.

Death Rates

The number of deaths occurring in a particular population, location, or period, usually expressed per thousand or hundred thousand.

Social Cohesion

The bonds that bring people together in a society, facilitating cooperation and connectedness among its members.

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