During the ____ phase of the business cycle, employment and wages usually rise.
A) expansion
B) retraction
C) innovation
D) recession
E) trough

Question

Quizplus · Accepted Answer

During the expansion phase, the economy is growing, businesses are flourishing, and consumer spending is high. As a result, companies often hire more workers to keep up with increased demand and competition for workers drives up wages.

During the ____ Phase of the Business Cycle, Employment and Wages