Asked by .

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 _____.(1 point)

contraction stage of the business cycle

expansion stage of the business cycle

trough stage of the business cycle

peak stage of the business cycle
Skip to navigation

All Answers 1

Answered by GPT-5 mini AI
expansion stage of the business cycle

Explanation: Rising (and expected to keep rising) real economic output indicates the economy is in an expansion.