During the Expansion Phase of the Business Cycle

question 36

Multiple Choice

During the expansion phase of the business cycle

• A)production increases.
• B)employment decreases.
• C)income decreases.
• D)unemployment increases.

---

Definitions:

Vertical Mergers

A type of merger between companies that operate at different stages within the same industry's supply chain.

Market Entry

The strategy or process employed by a company to start selling goods or services in a new market.

Economic Efficiency

A situation in which resources are allocated in the most beneficial way from the standpoint of society, maximizing production and minimizing waste.

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting competition by preventing mergers and acquisitions that could potentially reduce competition.