Functional finance is an economic theory proposed by Abba P. Lerner. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation . The principal ideas behind functional finance can be summarized as: •Governments have to intervene in the national and global economy; they are not self-regulating. •The principal economic objective of the state should be to ensure a prosperous economy. •Money is a creature of the state; it has to be managed. •Fiscal policy should be directed in light of its impact on the economy, and the budget should be managed accordingly, that is, 'balancing revenue and spending' is not important; prosperity is important.
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the ...
Select the word which means the same as the group of words given.
Extreme fear of confined places
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Disinterested
     I.       The judge remained disinterested in the heated debate between the lawyers.
   II.   ...
In the given question, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need to see w...
In the given question, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need...
Select the correctly spelt word.
In each of the questions given below, two phrases in a sentence are highlighted which may or may not be correctly used. From the given choices, choose ...
Reticent
     I.       She was often reticent in social gatherings, preferring to listen rather than speak.
   II.Â...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...