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

2 Answers

6 votes
The key word to answer this question would be ''deficit spending''.

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What was the name given to the government practice of borrowing money to spend more-example-1
answered
User Mark Bakker
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6 votes

deficient spending is your answer

Deficient spending is when the government spends more than they earn (through taxes, bonds, etc.). This leads to a term called "national debt"


hope this helps

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User Donni
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