Question : Which is not a measure undertaken by the government to check inflation?
Option 1: An increase in consumption
Option 2: An increase in production
Option 3: Reduction in deficit financing
Option 4: Taxation measures
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Correct Answer: An increase in consumption
Solution : The correct answer is an increase in consumption.
Personal consumption spending reduction is an essential fiscal policy implemented by governments to control inflation. This is accomplished through increasing personal, business, and commodity tax rates, as well as imposing additional taxes. The government should also decrease needless spending on non-development initiatives to help control inflation.
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