Which of the following statements is/are correct about a cyclical slowdown of an economy? 1. Cyclical slowdown of an economy is a deep-rooted phenomenon that occurs due to a one-off shift from an existing paradigm. 2. Generally, interim fiscal and monetary measures, temporary recapitalization of credit markets, and need-based regulatory changes are required to revive the economy out of Cyclical Slowdown. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statements is/are correct about a cyclical slowdown of an economy? 1. Cyclical slowdown of an economy is a deep-rooted phenomenon that occurs due to a one-off shift from an existing paradigm. 2. Generally, interim fiscal and monetary measures, temporary r...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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