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Question : Pump priming should be resorted at a time of _________.

Option 1: inflation

Option 2: deflation

Option 3: stagflation

Option 4: reflation


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

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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