Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> 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.

• A. 1 only
• B. 2 only
• C. Both 1and 2
• D. None of the Above

Answer 1

The correct option is D None of the Above

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The U shaped growth curve occurs when the economy experiences a sharp decline without a clearly defined trough, a period of stagnation followed by a relatively healthy rise back to its previous peak.


The V-shaped recovery curve is characterized by a quick and sustained recovery in measures of economic performance after a sharp economic decline.