Answered

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The period of the business cycle in which real GDP is increasing is called the:

A. peak
B. stagflation
C. recession
D. expansion

Sagot :

GinnyAnsweridn

Final answer:

Expansion in the business cycle refers to the phase when real GDP is increasing, leading to economic growth and improved living standards.


Explanation:

Expansion is the period of the business cycle in which real GDP is increasing. It signifies economic growth and often leads to improvements in employment rates and living standards. During an expansion, businesses typically experience increased demand for goods and services, resulting in higher production levels.


Learn more about Business Cycles here:

https://brainly.com/question/31642085


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