Approaches to government spending that are designed to lower the deficit through tax increases or cutting government spending are known as what?

Question

Quizplus · Accepted Answer

Austerity measures refer to policies aimed at reducing government budget deficits through spending cuts, tax increases, or a combination of both. These measures are often used by governments to reduce their debt levels and stabilize their economies.

Approaches to Government Spending That Are Designed to Lower the Deficit