Q. Which of the following is wrongly matched? (Solved)

1. Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time

2. Recession: Reduction in demand and production/ investment over a short period of time

3. Stagflation: slow pace of economic activity due to falling prices

4. Boom: Rapid and all-round spurt in economic activity

  • c. Stagflation: slow pace of economic activity due to falling prices
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