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Home Q & A Board Other Fields Homework Help Business Economics
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malabranche13 malabranche13
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3 years ago
The UK Labour government was forced to abandon its 'golden rule' in 2008/9 because

▸ the EU declared that it was not compatible with the Stability and Growth Pact.

▸ it wished to pursue discretionary fiscal policy to tackle the recession.

▸ the fiscal multiplier was not working.

▸ it had to increase taxes to tackle the rise in the budget deficit.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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gdchavis1gdchavis1
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3 years ago
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Correct Slight Smile TY
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