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Sagot :
Counter-cyclical fiscal coverage refers to the steps taken through the government that go towards the course of the monetary or commercial enterprise cycle.
Thus, in a recession or slowdown, the authorities increases expenditure and reduces taxes to create a demand that can force an economic boom.
Which of the following is an example of a counter-cyclical policy?
One example of an automatically countercyclical fiscal coverage is modern taxation. By taxing a large share of income when the economy expands, a revolutionary tax tends to reduce demand when the economy is booming, accordingly reining in the boom.
Counter-cyclical or defensive industries are those that do well in economic downturns, since demand for their products and services continue regardless of the economy.
Learn more about counter-cyclical policy here:
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