The lowest level of economic activity is called
A) contraction
B) trough
C) recovery
D) none of the above
Correct Answer:
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Q4: During the financial crisis of 2007-08, which
Q5: The period of economic downturn that ensued
Q6: Fiscal policy in India is formulated by
A)reserve
Q7: Economic Survey in India is published by
Q8: Which one of the following is the
Q10: During depression _ industry suffer from excess
Q11: The term business cycle refers to -
A)fluctuations
Q12: Expansion phase all but one of the
Q13: Which one of the following is not
Q14: The turning points of the business cycle
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