Match List I with List II and select the correct answer using the codes given below the Lists: Codes: List I — List II; I. Boom — (A) Business activity at high level with increasing income, output and employment at macro level; II. Recession — (B) Gradual fall of income, output and employment with business activity in a low gear; III. Depression — (C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment; IV. Recovery — (D) Steady rise in the general level of prices, income, output and employment
Options
(a)I-A, II-B, III-C, IV-D
(b)I-A, II-B, III-D, IV-C
(c)I-B, II-A, III-D, IV-C
(d)I-B, II-A, III-C, IV-D
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