Which of the following would indicate the beginning of an expansionary phase in an economy?
A)A minor increase in the number of new firms
B)A decline in stock market prices
C)An improvement in consumer confidence
D)A slowdown in housing construction
E)A decrease in the number of orders for new equipment

Question

Quizplus · Accepted Answer

An improvement in consumer confidence would suggest that consumers feel more optimistic about the state of the economy and are more willing to spend money, indicating the beginning of an expansionary phase.

Which of the Following Would Indicate the Beginning of an Expansionary