Question
Consider the following statements about fiscal
policy: 1. Fiscal policy involves government spending and taxation to influence the economy. 2. Counter-cyclical fiscal policy refers to reducing government spending during a recession. 3. Fiscal policy aims to achieve economic stability and growth. Which of the above statements are correct?Solution
Fiscal policy uses spending and taxation to stabilize and grow the economy (statements 1 and 3). Counter-cyclical fiscal policy increases spending during recessions to stimulate demand (statement 2 is incorrect).
More Weekly Quiz GA for SSC Questions
84, 97, ?, 162, 214, 279
What will come in place of the question mark (?) in the following series?
21, 36, 66, 126, ?, 486
7 7 ? 43 163 831
...98, 134, 198, ?, 442, 638
107 157 194 ? 237 247
...124, 128, ?, 135, 110, 146
23, 27, 39, 59, ?, 123
324 972 486 1458 729 ?
...11 16 42 141 ? 2945 17700
...114, 146, 210, 306, 434, ?
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