After the implementation of economic reforms, Pakistan experienced slowdown of growth due to various reasons including _________ .
(Choose the correct alternative to fill in the blank):
[(i)] Volatile performance of the agriculture sector.
[(ii)] Over-dependence on remittances from abroad.
[(iii)] Political instability
Volatile agriculture sector: Pakistan’s agriculture sector experienced significant fluctuations, leading to an unstable economy and reduced investor confidence.
Over-dependence on remittances: The country's economic stability heavily relied on remittances from abroad rather than domestic productivity and industrialization.
Political instability: Frequent changes in government and lack of long-term economic policies created an uncertain business environment, discouraging foreign and domestic investments.
List-I | List-II | ||
|---|---|---|---|
| A | Money supply is exogenously given. | I | Post-Keynesian school |
| B | Money supply is demand driven and credit led. | II | Say’s law |
| C | Rational expectation. | III | Monetarism |
| D | Supply creates its own demand | IV | Neo-classical school |