what was the name given to the government practice of borrowing money to spend more than is collected in taxes

1 answer:

3 0

<span>The government practice of borrowing money to spend more than is collected in taxes is called "</span>deficit spending." The way for the government to do this kind of spending is mostly of the reason in fueling the economy in times of recession. Many people believed that it is also at the same time bad policy.

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