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Government X has just increased taxes in order to limit spending and hence demand.

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Government X has just increased taxes in order to limit spending and hence demand.

Which of the following is most likely to have been the cause of this fiscal policy?

A.

An inflationary gap, where demand outstrips output

B.

A drop in prices caused by other fiscal policy instruments, e.g. a reduction in business taxes

C.

The attainment of full employment within the economy

D.

The contraction of the national economy

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