What phase of the business cycle would be marked by an increase in productivity while employment and profits rise

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24 December, 12:12

What phase of the business cycle would be marked by an increase in productivity while employment and profits rise

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Braxton Armstrong · Answer 1

Expansion

Explanation:

The phase of the business cycle that would be marked by an increase in productivity while employment and profits also rise would be called an "expansion" since this is when practically every element of the economy is improving relative to past rates.