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    Financial Institutions Instruments and Markets
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    Exam 12: Government Debt, monetary Policy and the Payments System
  5. Question
    When a Government Undertakes a Significant Reduction in Government Recurrent
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When a Government Undertakes a Significant Reduction in Government Recurrent

Question 22

Question 22

Multiple Choice

When a government undertakes a significant reduction in government recurrent expenditure this is known as:


A) fiscal recession.
B) fiscal constraint.
C) matching principle.
D) capital expenditure shortfalls.

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