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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment2 Marks
Question
Excess money supply is necessary for rapid economic development but it creates inflationary situation. Write any two fiscal measures to control inflationary situation.
✓

Answer

Fiscal Measures:
  1. Increase in tax rates (Explain)
  2. Reduce public expenditure (Explain)
Value: Critical thinking

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