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The phase of the business cycle with the highest level of GDP and the lowest unemployment rate is called an?

Sagot :

Answer:

Expansion phase

Explanation:

Expansion is an economic cycle phase in which real gross domestic product rises for two or more months in a succession, going from a trough to a high. Expansion is often known as an improving economy since it is usually followed by an decrease in unemployment, consumer sentiment, and commodity prices.

Answer:

peak

Explanation: