An economic expansion in the United States is typically associated with a(n):

Question

Quizplus · Accepted Answer

Economic expansion is generally characterized by an increase in output, which means that the economy is producing more goods and services than before. This is often accompanied by a decrease in the unemployment rate and an increase in wages and salaries, leading to higher consumer spending and demand. However, economic expansion may also lead to inflation if the supply of goods and services cannot keep up with the rising demand, which would result in higher prices. The poverty rate and corporate profits are not necessarily tied to economic expansion, as they can be affected by various factors such as government policies, market conditions, and business strategies.

An Economic Expansion in the United States Is Typically Associated