Which of the Following Is True During the Expansionary Phase

question 36

Multiple Choice

Which of the following is true during the expansionary phase of the business cycle?

• A) The unemployment rate increases
• B) The inflation rate decreases
• C) Real GDP increases
• D) Population falls

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Definitions:

Unbanked Population

Individuals who do not have access to traditional banking services or accounts, often due to economic, social, or geographic barriers.

Lenddo

A technology company that uses non-traditional data sources, such as social media activity, to help determine creditworthiness.

Singapore

An island city-state off southern Malaysia, known for its global financial center, multicultural population, and strict regulations.

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