The Robinson family recently bought a car because they were offered a no-interest financing option. The family's annual vacation was also booked through a discount travel firm. The family has purchasing power, but they prefer to spend their money cautiously like most other families in the country. The above stated instances indicate which stage of the business cycle?

Question

Quizplus · Accepted Answer

The family's cautious spending and the availability of no-interest financing and discounts suggest a recovery stage, where economic conditions are improving but consumers are still careful with their expenditures.

The Robinson Family Recently Bought a Car Because They Were