The golden rule of fiscal policy is that the governments are expected

The golden rule of fiscal policy is that the governments are expected to borrow over the cycle to finance
(a) Current expenditure
(b) Old loans
(c) Investments
(d) Imported consumer goods

Anurag Mishra Professor Asked on 30th March 2016 in General Knowledge.
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    Answer: (b) Old loans 

    Anurag Mishra Professor Answered on 31st March 2016.
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