Which of the following reflects a “bust” phase in a capitalist economy? (1 point) Responses Employment, profits, and incomes are low. Employment, profits, and incomes are low. Consumer demand encourages businesses to expand production. Consumer demand encourages businesses to expand production. Spending on goods from all businesses is high. Spending on goods from all businesses is high. Demand is high, supply is high, and employment is low.

Answer 1

Employment, profits, and incomes are low.