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Ray Mckinney
Advanced Placement (AP)
15 February, 00:23
What are the stimulus and austerity strategies
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Andre Roman
15 February, 00:51
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Stimulus strategy is the increasing of monetary expenses to kick start economic growth during recession which can be accomplished by the government by lowering interest rates, increasing government spending and quantitative easing. While the Austerity strategy is the reduction of government expenses to balance the budget through spending cuts, tax increases, or both.
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