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Which of the following fiscal actions is likely to be the most effective in curbing inflation? A. Reducing spending and allowing the surplus to accumulate

Which of the following fiscal actions is likely to be the most effective in curbing inflation?

A. Reducing spending and allowing the surplus to accumulate as idle Treasury balances

B. Reducing spending and allowing the surplus to be used to retire debt held by commercial banks.

C. Incurring a budget deficit by borrowing from the public

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