The main emphasis of the Second Five Year Plan was: MCQ with Answer and Explanation

Explanation:
Supply-side approaches stress policies that expand the productive capacity of the economy by improving incentives, reducing distortions and raising the efficiency of resource allocation.

Explanation:
The paradox of thrift states that if everyone saves more during a recession, total demand and output may fall.

Explanation:
Demand-pull inflation arises when aggregate demand exceeds aggregate supply at full employment, often due to excess money supply or expansionary fiscal policy.