I. 🍃Introduction
- Definition of contractionary/deflationary fiscal policy

II. Reduction in government spending
- Explanation of how it may reduce total demand
- How it can reduce demand-pull inflation

III. Increase in income tax
- Explanation of how it would reduce disposable income
- How it may lower consumer spending
- How it can reduce total demand
- How it can lower demand-pull inflation

IV. Increased spending on education/healthcare
- Explanation of how it may raise productivity
- How it can lower costs
- How it can reduce cost-push inflation

V. 👉Conclusion
- Summary of the effects of contractionary/deflationary fiscal policy on inflation
- Importance of using such policies to maintain economic stability.