In the expansion phase of the business cycle, _____.
A)output rises
B)unemployment rises
C)consumer and business confidence is low
D)investment falls
E)expenditure on durable consumer goods fall

Question

Quizplus · Accepted Answer

In the expansion phase of the business cycle, output rises as businesses increase production and hire more workers. This is often accompanied by an increase in consumer and business confidence, leading to higher levels of investment and expenditure on durable consumer goods. Unemployment typically falls during this phase.

In the Expansion Phase of the Business Cycle, _____