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Tippie Tippie
  • 13-02-2016
  • Social Studies
Answered

What was pump priming

Verified Answer :

AvantGarde
AvantGarde AvantGarde
  • 14-02-2016

If you are looking for the definition from an economical view point, although that is the only one I know of, then Pump Priming is simply the act of the Government injecting sums of money or funds into the economy, usually an economy in depression or recession. The purpose of this is the largely increase the purchasing power of the public and by increasing the demand of goods and services.

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