When GDP is expanding toward a high point it is called a[n]:
A)depression.
B)boom.
C)recession.
D)inflation.

Name: When GDP is expanding toward a high point it is called a[n]: A)depression. B)boom. C)recession. D)inflation.
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Question

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When GDP is expanding toward a high point, it is called a boom. Booms are characterized by high levels of employment, production, and consumption, and are often accompanied by increased investment and rising prices.

When GDP Is Expanding Toward a High Point It Is