Question:
The period of the business cycle in which real GDP is increasing is called the:
The period of the business cycle in which real GDP is increasing is called the:
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The business cycle includes four main phases: expansion, peak, recession, and recovery. Knowing these phases helps understand economic trends.
Updated On: Mar 25, 2025
- Expansion
- Peak
- Recession
- Stagflation
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The Correct Option is A
Solution and Explanation
The period of the business cycle in which real GDP is increasing is called the "Expansion." This is the phase when the economy is growing, and economic indicators such as employment and production are improving.
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