Inflation Tends to ________ During the Expansion Phase of the Business

question 205

Multiple Choice

Inflation tends to ________ during the expansion phase of the business cycle and ________ during the recession phase of the business cycle.

• A)increase; decrease
• B)decrease; increase
• C)decrease; decrease further
• D)increase; increase further

---

Definitions:

Personal Selling

A direct method in which a salesperson uses person-to-person interaction to demonstrate and sell their product to an individual consumer or business.

Consumer Needs

Consumer Needs pertain to the desires or requirements of customers that motivate their purchasing behaviors.

Chamber of Commerce

A local association to promote and protect the interests of the business community in a particular place.

Financial Services

Industries that manage money, including banks, credit unions, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, and some government-sponsored enterprises.