The u. s. economy constantly cycles through periods of expansion and contraction based on financial, political, and geopolitical dynamics. during expansionary periods, economic performance is robust and consumer spending increases. during contractionary periods, economic performance is lackluster or negative and consumer spending decreases. select the correct type of economic period for each description. unemployment rates are above normal levels and rising. quarter-to-quarter gross domestic product (gdp) growth is positive. consumer prices are rising. claims for unemployment are rising. new housing starts are declining
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