In the expansion phase of the business cycle
A)output is rising.
B)unemployment is falling.
C)consumer and business confidence is high.
D)investment is rising.
E)all of the above are true.

Question

Quizplus · Accepted Answer

During the expansion phase of the business cycle, all of the above statements are true. Output is increasing as the economy grows, unemployment is falling as businesses hire more workers to meet growing demand, consumer and business confidence is high as they see positive economic indicators, and investment is rising as businesses seek to take advantage of the growing economy.

In the Expansion Phase of the Business Cycle