In a Business Cycle, the _____ Is a Period of Robust

question 141

Multiple Choice

In a business cycle, the _____ is a period of robust economic growth and high employment.

• A) expansion
• B) recovery
• C) disinflation
• D) contraction

---

Definitions:

Primarily Liable

The main responsibility or obligation to pay a debt or fulfill a contractual duty.

Secondary Liability

Legal responsibility imposed on a party for the actions of another, based on a relationship or specific circumstances.

Unconditionally Promise

A commitment made without any stipulations or requirements, offering a guarantee without any terms for fulfillment.

Notice Of Dishonor

A formal notification indicating that a negotiable instrument, like a check, has been dishonored or refused for payment.