Question
What is the primary goal of implementing expansionary
fiscal policy during a recession? Read the following paragraph and answer the question that follows: "Fiscal policy refers to the use of government spending and taxation to influence the economy. During periods of high inflation, a government may adopt contractionary fiscal policy by decreasing public spending, increasing taxes, or both, to reduce economic activity and control inflation. The effectiveness of fiscal policy depends on various factors, including the state of the economy, the level of government debt, and the responsiveness of consumers and businesses to changes in fiscal measures."Solution
The primary goal of implementing expansionary fiscal policy during a recession is to stimulate economic activity by increasing public spending, reducing taxes, or both.
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
In the famous Bagwal fair of Devidhura which among the following does not participate?
Dree Utsav is celebrated in the state of ____________.
The Marylebone Cricket Club (MCC) has declared and awarded two Indian cricketers, name them?
Which of the following states stands at number one in terms of route kilometers at the end of the year 2019-20 as per the Indian Railways Yearbook 2019-20?
What does ‘P’ denote in PRAN a unique number provided under PFRDA?
Which of the following statements is true about Pradhan Mantri Vaya Vandana Yojana (PMVVY)?
1. It is a pension plan for senior citizens
<...SIMBEX is a military exercise conducted between the defense forces of which of the following nations?
Which reform was initiated by Lord Ripon for the welfare of labourers?
Successive discount of a% and b% are equivalent to a discount of
