Question

Pump priming should be resorted to at a time of ?; 1) Inflation; 2) Deflation; 3) Stagflation; 4) Reflation

Answer 1

Hello mate

here's your answer

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Option 2✔✔

Pump priming should be resorted to at a time of deflation.

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Hope it helps you

Answer 2

Option 2 i.e Deflation is the correct answer.

Pump Priming in economics and financial terms refers to the injection of money by the government when the economy of the country is depressed or during the time of deflation. The money is injected through the commissioning of public works and it helps to improve the depressed economy.