Austerity in Europe
Austerity in Europe
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Background
Economics Concepts
Four-Sector Model of Circular Income Flow
AD-AS Analysis
Multiplier
A fail?
Decreased NI & Unemployment
Side Effects
Disincentive of tax cuts
Still good?
Reduce Budget Deficit
Conclusion
Acknowledgements
Economics concepts
We will use three economic concepts that relate to our theme so as to provide support to our thesis.