As Rachel Smith and her friends prepare to graduate from college, they are faced with numerous job offers with starting salaries better than they could have imagined when they began college four years ago.Based on this information, which stage of the business cycle would the economy be in?

Question

Quizplus · Accepted Answer

The economy is likely in the peak stage of the business cycle, as job offers with high starting salaries suggest strong economic conditions and high demand for labor.

As Rachel Smith and Her Friends Prepare to Graduate from College