Savings can only occur when the economy is in the expansion phase of a business cyclE.

Name: Savings can only occur when the economy is in the expansion phase of a business cyclE.
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Quizplus · Accepted Answer

Savings can occur in any phase of the business cycle, whether it is expansion, contraction, or even during recessionary periods. It ultimately depends on an individual's saving habits and financial situation, as well as the availability of investment opportunities.

Savings Can Only Occur When the Economy Is in the Expansion