In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.
1). Deflation
2). Stagflation
3). Recession
4). Depression
1. Question 4:Explain the ˜exclusive' and ˜inclusive' methods used in classification of data.
2. Question 10:When is rank correlation more precise than simple correlation coefficient?
3. When supply of a commodity increases without change in price, it is called
4. In which of the following market forms a firm does not exercise control over price?
5. Question 6:What do you understand by positive economic analysis?
7. The supplyside economics lays greater emphasis on ______
8. From the view cf International economy, Third World
9. Which of the following is an indirect tax
10. The headquarters of OPEC (Organisation of Petroleum Countries) is at: