MCQOPTIONS
Saved Bookmarks
| 1. |
Recession is ___________. |
| A. | reduction in production and employment for want of sufficient demand for goods |
| B. | rise in the cost of production, especially because of wage increase |
| C. | increase in money supply without a matching increase in production |
| D. | No option is correct |
| Answer» B. rise in the cost of production, especially because of wage increase | |