During the most recent three quarters, real GDP increased from $170 to $180 to $200. Economists describe this as a(n)
A) inflation.
B) expansion.
C) contraction.
D) recession.
E) deflation.

Name: During the most recent three quarters, real GDP increased from $170 to $180 to $200. Economists describe this as a(n) A) inflation. B) expansion. C) contraction. D) recession. E) deflation.
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Question

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Real GDP increasing over the past three quarters is indicative of an economic expansion.

During the Most Recent Three Quarters, Real GDP Increased from $170