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(i) Use of wages policies.
(ii) Increase general production of goods.
(iii) Reduce public expenditure such as constructions of roads.
(iv) Taxes should be increased to reduce disposable income/ lowering the consumption expenditure.
(v) Restriction of imports/ impose heavy tariffs to make people switch their spending on imports.
(vi) Price legislation/ price controls as a temporary measure of keeping prices stable.
(vii) Use of monetary policies.
maurice.mutuku answered the question on August 10, 2017 at 11:55
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