Question

The expansionary phase of the business cycle is characterized by _________.a. decreasing real output and increasing unemployment. b. decreasing real output and declining unemployment. c. increasing real output and increasing unemployment. d. increasing real output and declining unemployment.

Answer 1

d. increasing real output and declining unemployment.

Step-by-step explanation:

• A business or the economic cycle is made up of the four phases as the expansion, peak and recession and the trough, and the expansion is the economy states and is characterized by the rising GDP and low unemployment.