Question

(i) The study of alternating fluctuations in business activity is referred to in Economics as Trade cycle.

(ii) During depression the level of economic activity becomes extremely high.

(a) Both (i) and (ii) are true 

(b) Both (i) and (ii) are false 

(c) (i) is true but (ii) is false 

(d) (i) is false but (ii) is true

Answer 1

(c) (i) is true but (ii) is false