Q. Recession is ___________.

A) rise in the cost of production, especially because of wage increase

B) reduction in production and employment for want of sufficient demand for goods

C) No option is correct

D) increase in money supply without a matching increase in production

✔ Correct Answer: reduction in production and employment for want of sufficient demand for goods

Exam Insight

-

Related Questions

🎯 Popular Topics

Explore the most searched educational topics.

🚀 Find Jobs by State & Department

Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV

🔥 Popular Job Categories