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

inflation

contraction

expansion

recession

Question

Social Studies

Perla Cortez

22 June, 12:43

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

inflation

contraction

expansion

recession

+2

Answers (1)

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Vazquez · Answer 1

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.

Which phase of the business cycle would be marked by an increase in productivity while employment and profits also rise?inflationcontractionexpansionrecession

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

inflation

contraction

expansion

recession