During an economic expansion, income ________, unemployment benefits ________ and the budget deficit ________.

Question

Quizplus · Accepted Answer

During an economic expansion, income rises because businesses are doing well and hiring more, leading to higher wages and salaries. Unemployment benefits fall because fewer people are out of work and need to claim these benefits. The budget deficit falls as higher income leads to more tax revenue and less spending on unemployment benefits.

During an Economic Expansion, Income ________, Unemployment Benefits ________ and the Budget

During an Economic Expansion, Income , Unemployment Benefits and the Budget