History, asked by amenakhan11591, 4 months ago

what is austerity?.

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Answered by yashasvi2646

Answer:

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Explanation:

Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans

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