Prosperity:
A) is the stage of the business cycle that occurs after recession and before recovery.
B) is a period of retrenchment for businesses and consumers.
C) occurs when personal incomes increase at a faster rate than price levels.
D) is a period of economic growth.
E) occurs when price levels increase at a faster rate than personal incomes.

Question

Quizplus · Accepted Answer

Prosperity is characterized by economic growth, where businesses expand, employment rates are high, and consumer spending increases.