An expansion
A) follows a peak.
B) is defined as a period of negative real GDP growth.
C) comes just before a trough.
D) is defined as a period of real GDP increases.

Name: An expansion A) follows a peak. B) is defined as a period of negative real GDP growth. C) comes just before a trough. D) is defined as a period of real GDP increases.
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Question

Quizplus · Accepted Answer

An expansion is defined as a period during which real GDP increases, indicating economic growth.

An Expansion