Question

During a business cycle expansion, total production ________ and total employment ______

Answer 1

During a business cycle expansion, total production increases and total employment increases.

What does "business cycle" mean?

• Business cycles are a sort of variation that may be observed in the overall economic activity of a country.
• A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
• This series of modifications is periodic but not recurring. Economic activity goes through periods of boom and then contraction during business cycles.
• Both the general welfare of society and the welfare of private entities are affected by these developments.

To learn more about business cycles, refer to the following link:

brainly.com/question/26086110

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