Question : Pump priming should be resorted at a time of _________.
Option 1: inflation
Option 2: deflation
Option 3: stagflation
Option 4: reflation
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Correct Answer: deflation
Solution : The correct option is Deflation.
Pump priming is a tactic to boost growth in response to deflation or economic contraction. Reducing taxes or increasing government spending are two examples of how to increase demand in an economy. A decrease in the overall demand for products and services during a deflationary period leads to price drops and possibly excessive unemployment.
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