Which among the following steps is most likely to be taken at the time of an economic recession?
Question:
Which among the following steps is most likely to be taken at the time of an economic recession?
Which among the following steps is most likely to be taken at the time of an economic recession?
Options
Answer: Increase in expenditure on public projects
Explanation:
During a recession, the government increases public spending to boost aggregate demand and employment, following Keynesian economic policy principles.
Explanation:
During a recession, the government increases public spending to boost aggregate demand and employment, following Keynesian economic policy principles.
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