Elucidate what effect a contraction fiscal policy, Business Economics

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Elucidate what effect a contraction fiscal policy

Discussion on contraction fiscal policy

1. Elucidate Illustrate what effect a contraction fiscal policy would have on the price level also real GDP starting from full employment equilibrium.

2. Illustrate what are automatic stabilizers also explain how do they affect the economy? Which is the most important?

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Business Economics: Elucidate what effect a contraction fiscal policy

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Business Economics: Elucidate what effect a contraction fiscal policy

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