An economic expansion rather than a recession occurs
A) when the federal budget is balanced.
B) when the unemployment rate falls below 5 percent.
C) when growth in real GDP is positive.
D) when the unemployment rate is not changing.

Question

Quizplus · Accepted Answer

Economic expansion is characterized by positive growth in real GDP, indicating an increase in economic activity and output. Choices A, B, and D do not necessarily indicate an expansion.

An Economic Expansion Rather Than a Recession Occurs