According to Progressives, what happens during a recovery?
A) There is a rapid rise in interest rates.
B) Revenues are falling due to rising costs.
C) Revenues are rising rapidly while costs are still low.
D) Consumers begin to save more to recover from the recession.

Question

Quizplus · Accepted Answer

According to Progressives, during a recovery, revenues begin to rise rapidly while costs are still low. This is because as the economy recovers, consumer demand increases and businesses start to see increased sales, leading to higher revenues. At the same time, costs such as wages and raw materials may not immediately rise, allowing for increased profits for businesses.

According to Progressives, What Happens During a Recovery