After a prolonged recession, businesses are investing and consumers are spending freely again. The unemployment rate is well below the historical average and exports have increased substantially
What term best describes this point in the business cycle?
A) peak
B) expansion
C) recovery
D) prosperity
E) trough
Answer: D
Explanation: D) Prosperity is the latter phase of economic expansion. The economy has completed its recovery from the trough and business is booming.
Business
You might also like to view...
Regulation FD requires any publicly traded organization to widely disseminate any material announcement
Indicate whether the statement is true or false
Business
What is the importance of developing a thorough media list? What are the two essential parts of a connector list?
What will be an ideal response?
Business