In response to the great recession a number of european, Ask an Expert

Economics

In response to the Great Recession a number of European governments adopted aus- terity policies which cut government spending on goods and services. Assuming no change in autonomous consumption or in autonomous investment, explain whether such an austerity policy would be expected to counter a decrease in output associated with a recession.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421484

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