Economics · Macroeconomics
Identify the correct statement(s) from the following: A. The policy according to which the government plans and implements its expenditure and revenue programs to avoid adverse effects on national income, production, and employment levels is called monetary policy. B. Fiscal policy gained more importance in the post-Great Depression period of 1929-33 in terms of the smooth functioning of the economy, where J. M. Keynes' contribution was significant.
- 1Both A and B are incorrect
- 2Both A and B are correct
- 3Only B is correct✓
- 4Only A is correct
Correct answer
Only B is correct
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