Related to the Economics in Practice on p. 418: F. Scott Fitzgerald's The Great Gatsby is set in the 1920s. During the 1920s, the U.S. economy was primarily in which phase of the business cycle?
A) peak
B) recession
C) trough
D) expansion

Question

Quizplus · Accepted Answer

The 1920s was a period of expansion in the U.S. economy, commonly referred to as the "roaring twenties." This period was characterized by economic prosperity, increased consumer spending, and a rise in stock market investments. Gatsby was a reflection of this era of economic growth and excess.

Related to the Economics in Practice on P