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Expansionary and contractionary fiscal policies have been used by the FED to keep the economy afloat in the united states. identify situations where expansionary and contractionary fiscal policies are used. are they in any way influencial in the entire global economy ?

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Expansionary and contractionary fiscal policies have been used by

the FED to keep the economy afloat in the united states. identify situations where  expansionary and contractionary fiscal policies  are used.
are they in any way influencial in the entire global economy ?

 
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