Multiple Choice Questions on Consider the following statements with reference to V Shaped Recovery in Economics It is characteriz........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Consider the following statements with reference to V Shaped Recovery in Economics It is characteriz...........

Economic and Social Issues Nature of Indian economy
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    Consider the following statements with reference to V Shaped Recovery in Economics

    1. It is characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.
    2. It suggests that economic spending and employment will rapidly decline, but quickly pick back up.

    Select the correct statement.

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both

    Correct Answer

    None

    Incorrect Answer
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    Explanation:

    V Shaped Recovery in Economics

    • V-shaped recovery is a type of economic recession and recovery that resembles a "V" shape in charting.
    • V-shaped recovery represents the shape of a chart of economic measures economists create when examining recessions and recoveries.
    • V-shaped recovery involves a sharp rise back to a previous peak after a sharp decline in these metrics.

    Hence both statements are correct.

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