Which of the following occurs during an expansion?

Question

Quizplus · Accepted Answer

During an expansion, the economy is growing, leading to an increase in output. As a result, there is a rise in employment and a fall in unemployment as businesses require more workers to meet the demand for goods and services. This increase in employment, in turn, leads to a rise in consumer spending, which further drives economic growth. Overall, an expansion is characterized by rising output, employment, and falling unemployment.

Which of the Following Occurs During an Expansion