The period of growth in real GDP between the trough of the business cycle and the next peak is called the
A) recessionary phase.
B) expansionary phase.
C) contractionary phase.
D) cyclical phase.

Question

Quizplus · Accepted Answer

The period of growth in real GDP between the trough of the business cycle and the next peak is called the expansionary phase. This is when the economy is growing and unemployment is typically decreasing.

The Period of Growth in Real GDP Between the Trough