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Business, 22.07.2019 20:30 gwendallinesikes

In the aftermath of the 2007–2009 recession, the u. s. national debt rose to record levels as the federal government used expansionary fiscal policy to speed up the economic recovery. this led some politicians to propose a significant reduction in the size of government in order to balance the budget. would such a policy be expansionary or contractionary in nature? what factors would determine whether or not such a policy would harm economic growth?

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