ii)
iii)
iv)
Expectations
B. all above
C. i, ii and iv only
D. i, iii and iv only
Statement 2 : During decline and recession years , the demand for output and jobs falls, and
unemployment falls to a low level .
A. Statement 1 true , statement 2 false
B. Statement 1 false , statement 2 true
C. Both statements are true
D. Both statements are false