Match List I with List II and select answer using the codes given below the lists List I (Term) List II (Explanation) A. Boom 1. Business activities are at high level with increasing income, output and employment at macro level. B. Recession 2. Gradual fall of income, output and employment with business activity in a low gear C. Depression 3. Unprecedented level of underemployment IAS general study (economic and unemployment, drastic fall in income, output and employment.) D. Recovery 4. Steady rise in the general level of prices, income, output and employment [CSE (Pre) 2000] Codes: A B C D