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Explain What Is Meant by a Contractionary Fiscal Policy

question 24

Essay

Explain what is meant by a contractionary fiscal policy.


Definitions:

Unreliable

Describes something or someone not consistently good in quality or performance; not able to be trusted.

Watering Troughs

Containers or structures designed to hold water for animals to drink from, commonly found in agricultural settings.

Comport

To conduct oneself or behave in a particular manner.

Substantial Performance

A legal concept indicating that a party has fulfilled enough of its contractual obligations to warrant payment, despite minor deviations from the initially agreed terms.

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