I believe the answer is D. Hope this helps.
Answer:
probably stop digging for oil since it hurts the environment
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.
The OPEC oil embargo was an event where the 12 countries that made up OPEC stopped selling oil to the United States. In response to the oil crisis, the United States took steps to become increasingly energy independent.
