In the Expansion Phase of a Business Cycle

question 44

Multiple Choice

In the expansion phase of a business cycle,

• A)the inflation rate decreases, but productive capacity increases.
• B)the inflation rate and productive capacity decrease.
• C)employment increases, but output decreases.
• D)employment and output increase.

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Definitions:

On-time Delivery

The fulfillment of providing goods or services to a customer at the promised time or schedule.

Requested Delivery Date

The specific date on which a customer prefers to receive goods or services they have ordered.

Customer Communication

The various methods used by companies to inform, engage, and address the needs and feedback of their customers.

Product Availability

The extent to which products are in stock and accessible for purchase by consumers at any given time.