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An austerity policy is Question 21 options: A) an increase in the money supply. B) an expenditure reduction and expenditure switching policy. C) an expansionary

An austerity policy is Question 21 options: A) an increase in the money supply. B) an expenditure reduction and expenditure switching policy. C) an expansionary fiscal policy accompanied by decreases in taxes D) an exchange rate switching policy from a fixed to a flexible exchange rate system

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