Which of the following is wrongly matched?

A) (a) Depression - Insufficient demand causing large scale unemployment of men and machinery over a long period of time

B) (b) Recession - Reduction in demand and production/investment over a short
period of time


C) (c ) Stagflation - slow pace of economic activity due to falling prices

D) (d) Boom - Rapid and all-round spurt in economic activity

Correct answer:
C) (c ) Stagflation - slow pace of economic activity due to falling prices



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