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describe each policy below as expansionary or contractionary fiscal policy and explain how AD is affected. a)the government slashes funding for the department of education
describe each policy below as expansionary or contractionary fiscal policy and explain how AD is affected. a)the government slashes funding for the department of education and interior without changing any other spending b) the government passes a millionare tax raising taxes by 5% on households making more than 1000000 per year c)the government decides to expand medicare by lowering the eligibility age from 65 to 55 years old
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