MCQOPTIONS
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| 1. |
What is recession ? |
| A. | Rise in the cot of production , especially because of wage increases |
| B. | Increase in money supply and employment for want of sufficient demand for goods |
| C. | Increase in money supply without a matching increase in production |
| D. | None of these |
| Answer» C. Increase in money supply without a matching increase in production | |