The rising phase of a business cycle measured by an increase in real GDP is called:
A)trough.
B)expansion.
C)recession.
D)contraction.

Name: The rising phase of a business cycle measured by an increase in real GDP is called: A)trough. B)expansion. C)recession. D)contraction.
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Question

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The increasing phase of a business cycle is called an expansion, which is characterized by an increasing level of real GDP, rising employment rates, and a general increase in economic activity.

The Rising Phase of a Business Cycle Measured by an Increase