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Meaning of contractionary
The primary meaning of the word "contractionary" refers to something related to or characterized by contraction, especially in an economic context, such as a contractionary policy or a contractionary monetary policy.
Etymology of contractionary
The word "contractionary" originates from the Latin words "contractio" meaning contraction, and the suffix "-ary" which forms an adjective indicating a relationship or pertinence.
Historically, the term has been used in economics to describe policies or conditions that lead to a reduction in economic activity or a decrease in the money supply.
Synonyms
Definitions
- Relating to or characterized by contraction, especially in an economic context, such as a contractionary policy or a contractionary monetary policy.
- * Intended to reduce or restrict something, such as economic activity or inflation.
Usage Examples
- The central bank implemented a contractionary monetary policy to combat high inflation.
- * The company's contractionary strategy involved reducing costs and scaling back production.
- * The government's contractionary fiscal policy led to a decrease in government spending and an increase in taxes.