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6 November, 07:58

The fiscal policy rule of thumb allows that some government budget deficits can be useful in stimulating the economy out of a:

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  1. 6 November, 08:12
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    The term that best fits the statement is "recession." The recession is a fiscal policy wherein some governments allow some budget deficits to stimulate the economy of a state. Recession, by definition, is described as a decline in the economic activity which causes a country's fall in its Gross Domestic Product (GDP).
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