Which of the following would most likely occur during the expansionary phase of the business cycle?

Question

Quizplus · Accepted Answer

During the expansionary phase of the business cycle, the overall demand for goods and services increases, leading to an increase in prices. This type of inflation is called demand-pull inflation. It occurs when the demand for goods and services surpasses the available supply, leading to a rise in prices.

Which of the Following Would Most Likely Occur During the Expansionary