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what is mean inflation?
what is mean fiscal policy?
what is mean monetary policy?
what is mean gdp?
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Answer Posted / shiv
Inflation: As given in 1st answer.
Fiscal Policy: Relates to Govt. Revenue and Expenditure
related decisions i.e. revenue generation from taxes etc and
spending on welfare, defense etc.
Monetary Policy: Relates to Central Bank's (In India, RBI)
policies like Bank Rate determination, bond buying and
selling, deciding monetary circulation etc. These activities
generally target inflation and interest rates in the economy.
GDP: Is the total value of all goods and services produced
within the country.
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