The phase of the business cycle where the economy is growing faster than usual is called
A) an economic trough.
B) the long-run trend of gross domestic product (GDP).
C) an economic expansion.
D) an economic contraction.
E) an economic peak.

Question

Quizplus · Accepted Answer

An economic expansion is the phase of the business cycle where the economy is growing faster than usual, with increasing employment, income, and economic output.

The Phase of the Business Cycle Where the Economy Is