During the Expansion Phase of the Business Cycle, Which of the Following

question 186

Multiple Choice

During the expansion phase of the business cycle, which of the following eventually increases?

• A)production
• B)employment
• C)income
• D)prices
• E)all of the above

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Definitions:

Albert Bandura

A psychologist known for his work on social learning theory and the concept of self-efficacy.

Negatively Reinforced

Strengthening a behavior because a negative condition is removed or avoided as a consequence of the behavior.

Incessant Nagging

Continuous and often repetitive complaining or scolding about something, usually in a bothersome or tiresome way.

Positive Reinforcement

A process that strengthens behavior by providing a reward or positive outcome after the behavior occurs.