If the economy is in an inflationary period, what action would fiscal policy most likely take?

The most likely fiscal policy measure will be to decrease the government expenditure in an effort to hinder the money supply and to reduce the income levels received  by the individuals and businesses.

However, this actions must be supported by the monetary policy as well.

Explanation:

this means that germany had to pay the allied countries. reparations are/is essentially payment for something that they have done wrong, so after ww1, germany was forced to pay reparations so they could replenish the allied countries resources' that they had lost during the war.