Cutting government expenditures in order to balance the budget is known as ________.
A) austerity
B) bailout
C) devalue
D) default
E) tariff

Name: Cutting government expenditures in order to balance the budget is known as ________. A) austerity B) bailout C) devalue D) default E) tariff
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Question

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Austerity refers to the set of economic policies a government implements to control public sector debt, often through spending cuts or tax increases.

Cutting Government Expenditures in Order to Balance the Budget Is