Assuming that inflation is low, high buying power characterises the ____ stage of the business cycle.
A)prosperity
B)depression
C)recovery
D)succession
E)recession

Question

Quizplus · Accepted Answer

In the prosperity stage of the business cycle, the economy is growing, employment is high, and inflation is low. These factors typically lead to increased consumer confidence and high buying power.

Assuming That Inflation Is Low, High Buying Power Characterises the ____