Economy, asked by dartmic26, 10 months ago

measures that the European Union can take in order to undo the economic contraction

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Answered by subhashishmandal33
0

Answer:The Great Recession

The Great RecessionThis economic growth led policymakers to increase public spending. When these asset bubbles popped, it resulted in massive bank losses that precipitated bailouts. The bailouts exacerbated deficits that were already large due to decreased tax revenues and high spending levels

Explanation: Please mark me as brainliest

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