Question

role of public expenditure during depression​

Answer 1

Answer:

ADVERTISEMENTS: During a depression, a deficit budget can be created in the following ways: (i) The level of public expenditure is kept unchanged but the taxation rates are reduced. (ii) Taxation rates are kept unchanged but public expenditure is increased.

Answer 2

Answer:

ADVERTISEMENTS: During a depression, a deficit budget can be created in the following ways: (i) The level of public expenditure is kept unchanged but the taxation rates are reduced. (ii) Taxation rates are kept unchanged but public expenditure is increased.

Explanation:

hope it helps