Question
In a hypothetical economy, current inflation-adjusted economic output is rising and is expected to continue rising in the coming months. This economy is currently in the ____.
a. contraction stage of the business cycle
b. peak stage of the business cycle
c. trough stage of the business cycle
d. expansion stage of the business cycle
a. contraction stage of the business cycle
b. peak stage of the business cycle
c. trough stage of the business cycle
d. expansion stage of the business cycle
Answers
Answered by
GPT 3.5
d. expansion stage of the business cycle
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