Gross domestic product has been steadily increasing for a few quarters. The economy is most likely in which stage of the business cycle?

Question

Quizplus · Accepted Answer

When the gross domestic product (GDP) has been steadily increasing for a few quarters, it indicates that the economy is growing. This growth is characteristic of the expansion phase of the business cycle, where economic activity is increasing, leading to higher employment rates and production.

Gross Domestic Product Has Been Steadily Increasing for a Few