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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is the difference between expansionary fiscal policy and contractionary fiscal policy?

To determine

The comparison between expansionary fiscal policy and contradictory fiscal policy is to be determined.

Explanation

The difference between the expansionary fiscal policy and contradictory fiscal policy is their nature. As the expansionary fiscal policy is used for making the economy large by increasing in the demand which is obtained by increasing the spending of the government and lowering taxes which in turn results in incremental production and output...

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