In Australia, consumer spending in the past few months has seen an upward trend, and buyers are willing to spend more on premium brands. From this pattern, we can say that Australia is in the _____ stage of the business cycle.

Question

Quizplus · Accepted Answer

When consumer spending increases and there is a willingness to spend more on premium brands, it indicates economic growth and confidence, characteristics of the prosperity stage in the business cycle.

In Australia, Consumer Spending in the Past Few Months Has