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

Question

a)peak stage of the business cycle
b)trough stage of the business cycle
c)contraction stage of the business cycle
d)expansion stage of the business cycle

Answer 1

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Answer 2

D. Expansion stage of the business cycle

Answer 3

1. real GDP
2. expansion stage of the business cycle
3. two
4. high unemployment
5. shock

100% Stages of the Business Cycle Quick Check
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