The phase of the business cycle characterized by rising employment is called
A) a recession
B) a low-tax phase
C) a high-inflation phase
D) an expansion
E) a depression

Question

Quizplus · Accepted Answer

The phase of the business cycle characterized by rising employment is called an expansion. During this phase, businesses are growing, consumer spending is increasing, and job opportunities are expanding, leading to a rise in employment. This is generally a positive phase for the economy, as it indicates overall economic growth and prosperity.

The Phase of the Business Cycle Characterized by Rising Employment