3. Restrictive fiscal policy (higher taxes or reduced government expenditures) can be used to combat inflationary pressure.

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3. Restrictive fiscal policy (higher taxes or reduced government expenditures) can be used to combat inflationary pressure. In the face of inflation, a planned government surplus would be in order.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 07:01 AM

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3. Restrictive fiscal policy (higher taxes or reduced government expenditures) can be used to combat inflationary pressure.

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Economics Private And Public Choice

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