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The Great Depression

An L-shaped r...

Question

An L-shaped recovery is a type of recovery characterized by slow rate of recovery with persistent unemployment and stagnant economic growth

A

True

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B

False

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Solution

The correct option is A True

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Q.  Consider the following statements with reference to types of recovery curves:

1. The V shaped growth curve occurs when the economy experiences a sharp decline and a period of stagnation followed by a relatively healthy rise back to its previous peak.

2. U-shaped recovery is characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.

Q. Who was assigned the responsibility of economic recovery by Hitler?

Q. Who among the following was assigned the responsibility of economic recovery by Hitler?

Q. This shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times or magnitudes.

Q. Consider the following stages and their description with respect to business cycle:

1 Boom- Economy experiences strong GDP growth.
2.Recession -Reduction in growth rate with growth rate being positive.
3.Recovery- Positive growth rate.

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