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Which of the following would most likely occur during the expansionary phase of the business cycle inflation?Which of the following would most likely occur during the expansionary phase of the business cycle? Demand-pull inflation.
Which of the following are the phases of business cycle?Key Takeaways
The four stages of the cycle are expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending, can help determine the current stage of the economic cycle. Insight into economic cycles can be very useful for businesses and investors.
What happens during the contraction phase of the business cycle quizlet?According to most economists, a contraction is said to occur when a country's real GDP has declined for two or more consecutive quarters. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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Which of the following typically occurs during an expansionary phase of a business cycle quizlet?
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