consider the following statements related to the Counter-cyclical Fiscal Policy Stance during the recession
1. In an expansionary fiscal policy, the government expenditure is increased and taxes are reduced.
2. The expansionary fiscal policy helps the government to deal with the recession in an economy.
Which of the statements given above is/are correct
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2
5
Question Not Attempted