how can expansionary and contractionary tax policies be used to manage the economy? be sure to give your…

Brief Explanations:

Expansionary tax policies cut taxes to boost spending and economic growth. Contractionary tax policies raise taxes to reduce spending and control inflation.

Answer:

Expansionary tax policies cut taxes to stimulate the economy by increasing consumer and business spending. Contractionary tax policies raise taxes to slow down the economy and curb inflation by reducing spending.