. The colonists were angry over the Townshend Acts, which led to riots. It was important because it was a turning point in America's quest for independence.
Answer:
All aspects of Contractionary fiscal policy is discussed below in details.
Explanation:
Fiscal policy is a kind of fiscal policy that includes raising taxes, limiting government expenses, or both in order to fight inflationary stresses. Due to an improvement in taxes, families have less disposable earnings to spend. Lower disposal earnings reduce consumption. Examples of this include reducing taxes and increasing government spending.
