Q.Match List-I with List-II and select answer using the codes given below in the lists. List-I (a) Boom (b) Recession (c) Depression (d) Recovery List-II 1. Business activities are at high level with increasing income, output and employment at macro level. 2. Gradual fall of income, output and employment with business activity in a low gear. 3. Unprecedented level of under employment and unemployment, drastic fall in income, output. 4. Steady rise in the general level of prices, income, output and employment. Code (a) (b) (c) (d)
Correct answer: 1