While commenting about the status of the Indian economy the Union government recently said that though economic growth had slowed, the economy is not in a recession. With reference to this identify, which of the following can be considered as some of the major traits of the Recession in an economy? 1. There is a general fall in demand as economic activities takes a downturn. 2. Inflation remains lower or/and shows further signs of falling down 3. Employment rate falls/unemployment rate grows . 4. Industries resort to ‘price cuts’ to sustain their business. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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While commenting about the status of the Indian economy the Union government recently said that though economic growth had slowed, the economy is not in a recession. With reference to this identify, which of the following can be considered as some of the major traits of the Rec...

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A

1 only

B

1 and 2 only

C

1, 2 and 3 only

D

1, 2, 3 and 4

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