When Parliament reduces spending in order to balance the budget,which of the following does it need to consider?
A) the short-run effects on aggregate demand and aggregate supply, and the long-run effects on saving and growth
B) the short-run effects on aggregate demand and aggregate supply, and the short-run effects on saving and growth
C) the long-run effects on aggregate demand and aggregate supply, and the long-run effects on saving and growth
D) the long-run effects on aggregate demand and aggregate supply, and the short-run effects on saving and growth
Correct Answer:
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