An observer of the economy notices that over the last nine months the unemployment rate has decreased from 6.6 percent to 4.5 percent. During the same time the rate of growth in real GDP has become positve. From this information one can state that the economy is has been going through which stage of a business cycle?
A.Trough
B.Expansion
C.Peak
D.Recession
PLEASE DONT GUESSSS!!!!! BECAUSE I COULD HAVE DONE THAT!
please provide proof. thanks.
MacroEconomics question?postage rate
Explansion. When there is full employment people spend. It is as simple as that.
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