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From course:

Economics A Level

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Question:

What is a Reflationary Fiscal Policy? [Expansionary or Loose Fiscal Policy]

Author: go kys



Answer:

-This is when AD is Boosted [AD Shifts to the Right] -Done when Government Spending is Increased, or when Taxes is Lowered. A Budget Deficit will usually Occur as Spending > Revenue


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go kys
go kys