The period of growth in real gdp between the trough of the business cycle and the next peak is called the

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Business

Ashlynn Marquez

19 July, 01:10

The period of growth in real gdp between the trough of the business cycle and the next peak is called the

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Janelle Gordon · Answer 1

expansionary phase

Explanation:

The period of growth in real gdp between the trough of the business cycle and the next peak is called the expansionary phase. This phase occurs for around two or more consecutive quarters and is usually followed by various economic aspects, such as a increased employment, consumer confidence, and even equity markets.