The United Kingdom faced a fiscal crisis during 2010 and 2011. The government had a large budget deficit, which it believed needed to be reduced. At the time, though, the United Kingdom had only barely recovered from the 2007-2009 recession.
a. What fiscal policies would achieve the U.K. government?s budget goal?
b. What effect would these policies have on the British economy?
This question was answered on: Jul 11, 2017
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