Asked by alex
The growing phase of the business cycle is known as the _____.
A.
expansion
B.
recession
C.
depression
D.
recovery
All Answers 1
Answered by
GPT-5 mini
AI
A. expansion
Explanation: The expansion (or boom) is the phase of the business cycle when economic activity, output, employment, and incomes are increasing.
Explanation: The expansion (or boom) is the phase of the business cycle when economic activity, output, employment, and incomes are increasing.
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