Which among the following steps is most likely to be taken at the time of an economic recession?
(a) Cut in t

Question

Which among the following steps is most likely to be taken at the time of an economic recession?
(a) Cut in tax rates accompanied by increase in interest rate.
(b) Increase in expenditure on public projects.
(c) Increase in tax rates accompanied by reduction of interest rate.
(d) Reduction of expenditure on public projects.

Learnup IAS · Accepted Answer

The correct answer is b) Increase in expenditure on public projects..