At the end of an expansion,wages of workers are usually rising faster than prices.

Question

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During the expansion phase, the economy is growing and businesses need more workers, leading to increased demand for labor. As the supply of labor becomes scarce, wages usually increase, leading to a wage-price spiral. This leads to higher demand for goods and services, leading to higher prices. However, towards the end of the expansion phase, wages tend to rise faster than prices, benefiting workers.

At the End of an Expansion,wages of Workers Are Usually