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Evaluate the arguments for and against this type of policy

After the financial year crash of 2008-09 and the subsequent economic recession ,many governments pursued policies 'austerity' which were aimed at reducing their budget deficits and the overall size of their national debt. Evaluate the arguments for and against this type of policy in the economic conditions of post-2008.

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Business Management: Evaluate the arguments for and against this type of policy

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