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      Question

      Which of the following is true about

      Recession?
      A Rise in the cost of production, especially because of wage increase Correct Answer Incorrect Answer
      B Reduction in production and employment for want of sufficient demand for goods Correct Answer Incorrect Answer
      C Increase in money supply without a matching increase in production Correct Answer Incorrect Answer
      D All of the above Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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