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Under an expansionary taxation policy, the government tries to stimulate economic growth by
reducing deficits.
reducing taxes.
reducing demand.
reducing spending.
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reducing taxes.
Explanation: An expansionary tax policy cuts taxes to raise households' and firms' disposable income, boosting consumption and investment and thus aggregate demand and economic growth.
Explanation: An expansionary tax policy cuts taxes to raise households' and firms' disposable income, boosting consumption and investment and thus aggregate demand and economic growth.
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