As Marina and her friends prepare to graduate from college, they are faced with numerous job offers that include starting salaries better than they could have imagined. Based on this information, what is the economy's most likely stage in the business cycle?

Question

Quizplus · Accepted Answer

The fact that Marina and her friends have numerous job offers with high starting salaries suggests that there are many job openings and high demand for college graduates. This indicates that the economy is in an expansion phase, where there is growth and positive economic activity.

As Marina and Her Friends Prepare to Graduate from College