Once a campaign is deleted, it cannot be restored to active status. If you delete a campaign, its ads are no longer active, but you can view the campaign (and all its ad groups, etc.) as it was when it was deleted for up to 90 days. You cannot restart a campaign that has been deleted. Deleted campaigns do not count against the campaign limit for your account.
Rather than deleting a campaign, consider pausing it.
To delete a campaign:
To learn more, view the Deleting Campaigns article.