Mains Ready By December. Smash Mains & Smash PYQ Admissions Open

Economics › Budget, Fiscal Policy

Economics › Budget, Fiscal Policy

Which among the following steps is most likely to be taken at the time of an economic recession?

Options

(a)

Cut in tax rates accompanied by an increase in interest rates.

(b)

Increase in expenditure on public projects.

(c)

Increase in tax rates accompanied by a reduction of interest rates.

(d)

Reduction of expenditure on public projects.

Answer

(B)