The Robinson family recently bought a car as they were offered a no-interest financing option.The family's annual vacation was also booked through a discount travel firm.The family has purchasing power,but they prefer to spend their money cautiously like most other families in the country.The above stated instances indicate which stage of the business cycle?

Question

Quizplus · Accepted Answer

The instances stated in the scenario indicate that the Robinson family is taking advantage of the available opportunities to make purchases and spend money cautiously. This behavior is common in the recovery stage of the business cycle, where the economy is growing, and consumer confidence and spending increase. Therefore, the best choice is D, Recovery.

The Robinson Family Recently Bought a Car as They Were