Complete the correlation : The period of Inflation : Surplus Budget : : The Period of Depression : ______
Q.1 (B) (v) Complete the correlation : The period of Inflation : Surplus Budget : : The Period of Depression : ______
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Answer: Deficit budget
During inflation the government adopts a surplus budget to reduce aggregate demand. During depression it adopts a deficit budget (expenditure more than revenue) to raise aggregate demand, income and employment.
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· 28 Oct 2026
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