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What takes place in the expansion phase of the business cycle before the full-blown expansion?
Updated: 8/22/2023
EncofBizandFinance
Lvl 1
∙ 13y agoBest Answer
-real GDP goes up
-will eventually reach a peak
-prices going up
-supply and demand go up
Wiki User
∙ 11y agoThis answer is:
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Wiki User
∙ 13y agoThe expansion phase of the business cycle starts with a short period of recovery before becoming a full-blown expansion.
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What phase of business cycle is Canada in?
expansion
A cycle of expansion and contraction phases that a nation's economy experiences over time is?
A business cycle.
A recession occurs during the expansion phase of a business cycle?
false
The greatest expansion in the US business cycle occurred in which year?
1940
The greatest expansion in the US business cycle occured in which year?
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What is another term for expansion in the business cycle?
Recovery is another term for expansion in the business cycle.
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What phase of business cycle is Canada in?
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A business cycle.
What are fours phases of the business cycle?
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A recession occurs during the expansion phase of a business cycle?
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What are the 4 phases of the business cycle?
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A period of macroeconomic expansion followed by a period of contraction?
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During the 1920s the us economy was in what phase of the business cycle?
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The greatest expansion in the US business cycle occurred in which year?
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The greatest expansion in the US business cycle occured in which year?
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What is the expansionary phase for a business cycle?
RECOVERY: A early expansionary phase of the business cycle shortly after a contraction has ended, but before a full-blown expansion begins. During a recovery, the unemployment rate remains relatively high, but it is beginning to fall.
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