Question
Match List-I with List-II and select answers using the codes given below in the lists.
List
List II
A. Boom
1. Business activities are at a high level with increasing income, output and employment at the macro level.
B. Recession
2. Gradual fall of income, output and employment with business activity in a low gear.
C. Depression
3. Unprecedented level of underemployment and unemployment, drastic fall in income, output.
D. Recovery
4. Steady rise in the general level of prices, income, output and employment.
Codes: A B C D
List
List II
A. Boom
1. Business activities are at a high level with increasing income, output and employment at the macro level.
B. Recession
2. Gradual fall of income, output and employment with business activity in a low gear.
C. Depression
3. Unprecedented level of underemployment and unemployment, drastic fall in income, output.
D. Recovery
4. Steady rise in the general level of prices, income, output and employment.
Codes: A B C D
Answer: Option C
Answer: (c)
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Answer: (c)
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