An expansion is a period of significant, widespread increases in:
A) real income and employment.
B) real income and unemployment.
C) exports and imports.
D) inflation and unemployment.

Question

Quizplus · Accepted Answer

An expansion is characterized by increases in real income and employment as the economy grows and businesses expand their production, resulting in more jobs and higher wages.

An Expansion Is a Period of Significant, Widespread Increases In