Which of the following is are the characteristics of recession 1 General fall in demand 2 High infla...........

Economic Affairs Inflation

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Which of the following is/are the characteristics of recession?

1. General fall in demand

2. High inflation

3. Fall in employment rate

Select the correct answer using the code given below.

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

Recession is a mild form of depression, the major traits of which are:

1:General fall in demand as economic activities take a down turn.
2:Low inflation, showing further signs of falling down.
3:Fall in employment rate.
4:Price cuts by industries to sustain their business.