Fiscal policy

Economics

In this ques attached below what would be the fiscal policy that would eliminate recessionary gap

Miradevi S

CA Final

★ 16K+

19-May-21 13:09

697

Answers (3)

Good question

Gourav Kumar Gupta

CMA Inter

★ 475

19-May-21 16:48

Expansionary fiscal policy can close recessionary gaps (using either decreased taxes or increased spending) and contractionary fiscal policy can close inflationary gaps (using either increased taxes or decreased spending).

Madhuri Veluri

CA Inter

★ 2K+

20-May-21 13:15

Thank you mam

Thread Starter

Miradevi S

CA Final

★ 16K+

20-May-21 13:48