Contractionary fiscal policy is used to decrease aggregate demand in an attempt to fight rising inflation.

Name: Contractionary fiscal policy is used to decrease aggregate demand in an attempt to fight rising inflation.
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Contractionary fiscal policy involves decreasing government spending, increasing taxes, or a combination of both, which leads to a decrease in aggregate demand. This is often used to prevent or reduce inflation, which can be caused by an overheating economy with excessive demand.

Contractionary Fiscal Policy Is Used to Decrease Aggregate Demand in an Attempt