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Austerity

/ˌɔˈstɛrɪti/
C1
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(noun) Severity of manners or life; extreme rigor or strictness; harsh discipline.

The fiscal austerity may lead to an overkill of the economy.
Fiscal austerity is considered to be an answer to the rampant inflation.
CEFR Practice Quiz
The government introduced ____ measures to reduce the national debt.

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