A business fluctuation when the pace of business activity is speeding up is known as
A) a contraction.
B) a trough.
C) an expansion.
D) a recession.

Question

Quizplus · Accepted Answer

An expansion refers to a period of time in the business cycle when the pace of economic activity is increasing. During an expansion, businesses are growing, employment is increasing, and consumer confidence is rising.

A Business Fluctuation When the Pace of Business Activity Is