Reason (R): The four different phases of trade cycle is referred to Boom, Recession, Depression and Recovery.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’
B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’
C. ‘A’ is true but ‘R’ is false
D. ‘A’ is false but ‘R’ is true
Answer:A
Reason (R): The four different phases of trade cycle is referred to Boom, Recession, Depression and Recovery.
A. Both ‘A’ and ‘R’ are true and ‘R’ is the correct explanation to ‘A’ B. Both ‘A’ and ‘R’ are true but ‘R’ is not the correct explanation to ‘A’ C. ‘A’ is true but ‘R’ is false D. ‘A’ is false but ‘R’ is true