Economics · Macroeconomics & Economic Reforms
Given below are two statements: Statement (I): Supply-side policies are long-term measures aimed at increasing the productive capacity of the economy, leading to an outward shift in the production possibility curve. Statement (II): Privatisation is the act of selling state-owned assets in order to increase competition, productivity, and efficiency. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are incorrect
- 2Statement I is incorrect but Statement II is correct
- 3Statement I is correct but Statement II is incorrect
- 4Both Statement I and Statement II are correct✓
Correct answer
Both Statement I and Statement II are correct
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