The U.S. economy is experiencing rising output, rising employment, rising incomes and falling unemployment. These conditions best describe a business cycle_{--------------------} . A)trend B)peak C)expansion D)trough E)recession

Question

Quizplus · Accepted Answer

An expansion is a phase in the business cycle where the economy is growing, characterized by rising output, employment, and incomes, and falling unemployment.

The US Economy Is Experiencing Rising Output, Rising Employment, Rising Incomes