During the expansion phase of the business cycle, economic activity increases, characterized by rising GDP, employment, and consumer spending. Businesses invest in growth, leading to higher production and income levels. Confidence among consumers and investors typically rises, further fueling demand. This phase can also result in inflationary pressures as resources become scarcer.
expansion
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expansion
Expansion
A business cycle.
expansion
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Recovery is another term for expansion in the business cycle.
Expansion
expansion
expansion
The period of the business cycle that most businesses make the greatest increase in spending is the expansion period. This is usually called the expansionary fiscal policy.
Expansion
A business cycle.
Are peak, recession,trough, and expansion
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.
Expansion, Recession, Trough, Recovery