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Economics explained
Category:
Policies to correct inflation
Deflationary policies - Diagram
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Deflationary fiscal policy and/or deflationary monetary policy help to lower the price level by shifting the aggregate demand curve to the left.
These policies will reduce aggregate demand, there will be a shift in the aggregate demand curve from AD to AD1.
There will be a fall in the general price level from P to P1. The level of inflation is reduced.
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