During which stage of the business cycle is unemployment low and total income relatively high?
A) Repression
B) Prosperity
C) Recovery
D) Recession
E) Depression

Question

Quizplus · Accepted Answer

During the prosperity stage of the business cycle, there is an overall increase in economic activity, leading to low unemployment rates and higher total income. This stage is characterized by high consumer and business confidence, increased investment, and growth in production and employment.

During Which Stage of the Business Cycle Is Unemployment Low