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Describe the following contractionary fiscal policy : Contractionary fiscal policy Decrease in government spending (GW) GV AEU Y > AE 10 > O YV Tax

Describe the following contractionary fiscal policy :

Contractionary fiscal policy Decrease in government spending (GW) GV AEU Y > AE 10 > O YV Tax increase (TT) Balanced budget (GO, TW) YW O

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