Recession and Expansions - Expansions
7 important questions on Recession and Expansions - Expansions
What is the period of economic growth above normal called?
What happens during the expansion phase of the economy?
What is a boom in economic terms?
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When does a boom typically occur in the business cycle?
How does a boom affect consumer spending?
What is a characteristic of unemployment during a boom?
What comes right before the economy reaches its peak?
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