03CryBaby03idn
Answered

Find answers to your questions faster and easier with IDNLearn.com. Get accurate answers to your questions from our community of experts who are always ready to provide timely and relevant solutions.

Which economic indicators most strongly suggest that an economy is
experiencing the expansion phase of the business cycle?
O A. Unemployment rates are rising while GDP is falling.
O B. Both GDP and unemployment rates are falling.
OC. Both GDP and unemployment rates are rising.
O D. Unemployment rates are declining while GDP is rising.

Sagot :

Samawatiidn

Answer:

D. Unemployment rates are declining while GDP is rising.

Explanation:

A business cycle is the natural increase and decrease in economic activities in a country. It refers to the shifting from an economic boom to a downturn that occurs naturally in the economy. The expansion phase is also the boom in a business cycle.  

At expansion, the country experiences an increase in the level of economic activities. There is an increase in demand for products and services. Businesses and households have increased incomes. Due to the increase in demand, businesses employ more people to help increase production. As a result, GDP increases, and unemployment declines.

Answer: D unemployment rates are declining while GPD is rising

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and see you next time for more reliable information.