In the Expansion Phase of the Business Cycle

question 66

Multiple Choice

In the expansion phase of the business cycle

• A)​output is rising.
• B)​unemployment is falling.
• C)​consumer and business confidence is high.
• D)​all of the above are true.

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Definitions:

Recovery Stage

A phase in the economic cycle or in the lifecycle of a project where performance begins to improve after a period of decline or recession.

Business Spending

The expenditure by businesses on goods and services, including capital goods and labor.

Consumer Spending

The total amount of money spent by consumers on goods and services within an economy.

Recession

Cyclical economic contraction that lasts for six months or longer.