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Economics A Level (DONEEEEEEE)
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Pregunta:
How does a 1. Cyclical Budget Deficit get fixed 2. Structural Budget Deficit get fixed
Autor: eric_galvaoRespuesta:
1. This is done via Recessions and comes when the Automatic Stabilisers [Benefits Up, Tax Rev down] kick in. This will be Corrected when a Boom appears 2. Governments have to Raise Taxes and Reduce Public Expenditure - Austerity. This will Harm Economic Growth
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