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    Exam 13: Fiscal Policy Appendix Taxes and the Multiplier
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    In 2009 Greece Received Emergency Loans from Other European Countries
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In 2009 Greece Received Emergency Loans from Other European Countries

Question 232

Question 232

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In 2009 Greece received emergency loans from other European countries and the International Monetary Fund. These loans required the Greek government to cut spending, which worsened the Greek recession.

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