Discuss three reasons for increasing national debt. Then, explain what austerity measures are and how they might be used to control national debt. How effective have austerity measures been in Greece since 2010?
What will be an ideal response?
The ideal answer should include:
1. Explain three of the reasons for national debt. For example, students might refer to trade deficit, income and consumption patterns, or government spending relative to taxation.
2. Define austerity measures.
3. Discuss how austerity measures might be used to control debt. For example, a state might increase taxes with the aim of increasing government revenue, or it might decrease government spending to help pay off debt.
4. Analyze how effective austerity measures have been in Greece. For example, by early 2018, Greece had experienced four straight quarters of economic growth, but unemployment remained very high (over 20 percent).
5. Offer a concise summary and effective conclusion.
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Which of the following methods are used in the historical approach to international relations?
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