Let's assume that a newly elected government decides to reduce government spending on goods and services by 10% from its current level. The policy is justified by the need to reduce long-term interest rates to improve the affordability of the mortgage market, under the assumption that it is government debt and spending that is responsible for high long-term interest rates. The government's debt management strategy is to determine the proportion of total debt issued in short-term securities and the proportion issued in long-term securities. 2m) Apart from reducing public spending, is there anything the government could have done in terms of debt management strategy to ensure that its objective of reducing long-term interest rates was achieved? Justify why your proposal would have been useful.