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Showing posts from August, 2020
Role of fiscal policy measures in solving the unemployment crisis of India      The problem of unemployment is not only a contemporary macroeconomic issue, but it is something that has been weighing down the Indian economy for many decades now. In this paper, I have put forward my thoughts on how this problem can be tackled with the help of an expansionary fiscal policy as suggested by Keynes, and how these changes would affect the IS-LM model with respect to the Indian economy. The perpetual rates of unemployment in India has always been a problem and is still weighing down the economic development of our country and the Government has been working on a variety of policies to stabilize this macroeconomic issue and to lower the rates of unemployment, since the 1950s.  Effective fiscal policy measures to reduce unemployment  A stimulated increase in the aggregate demand and therefore the rate of economic growth in the economy with the help of fiscal policies can help the government redu