Consider the following statements regarding Z-shaped Economic Recovery:
1. Z-shaped recovery is the most optimistic scenario in which the economy quickly rises after an economic crash.
2. In this economic disruption lasts for a small period wherein more than people’s incomes, it is their ability to spend is restricted.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2