Involuntary unemployment is almost zero in the phase of business cycle.
A)expansion
B)contraction
C)trough
D)depression

Question

Quizplus · Accepted Answer

In the expansion phase of the business cycle, economic activity is increasing, leading to higher demand for goods and services. This increase in demand often results in businesses hiring more workers to meet the demand, thereby reducing the level of involuntary unemployment.

Involuntary Unemployment Is Almost Zero in the Phase of Business