explain the role of budget in …

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Posted by Abhishek Singh 1 year, 10 months ago
- 3 answers
Abhishek Thakur 1 year, 10 months ago
During inflation when aggregate demand is more than the aggregate supply the government uses surplus budget policy in which it increases tax rates and decreases its expenditure that will decrease the aggregate demand and ultimately inflation. Same vice versa in case of deflation.
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Abhishek Thakur 1 year, 10 months ago
0Thank You