During the expansion phase of the business cycle,which of the following eventually increases?
A)production
B)employment
C)income
D)all of the above

Question

Quizplus · Accepted Answer

During the expansion phase of the business cycle, production, employment, and income all eventually increase. As economic growth picks up, businesses produce more goods and services, which requires hiring additional workers. As a result, employment increases, leading to higher incomes as workers earn wages and salaries. Therefore, all of the above options are correct.

During the Expansion Phase of the Business Cycle,which of the Following