A fall in the levels of investment and employment and supply exceeding demand to a great extent is predominant in ______ phase of business cycle.
CA Foundation · Business Economics · PYQS · May 2026
A fall in the levels of investment and employment and supply exceeding demand to a great extent is predominant in ______ phase of business cycle.
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. Recession
Topics: Business Cycles
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