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an economy has: gdp growth rate of 4%, unemployment rate of 2%, inflation rate of 12%. what phase of the business cycle is the economy likely in?

Sagot :

Expansion is the section of the business cycle where real gross home product (GDP) grows for two or more consecutive quarters, transferring from a trough to a peak.

Expansion is commonly accompanied by a upward jostle in employment, patron confidence, and equity markets and is additionally referred to as an economic recovery.

What is an instance of expansion in the commercial enterprise cycle?

This method is known as the business cycle and is damaged down into 4 distinct, identifiable phases: Expansion: The financial system is moving out of recession. Money is low-priced to borrow, agencies build up inventories again and customers begin spending.

Learn more about expansion in business cycle here:

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