Question

Imagine that you just saw a headline on the news website that read "High inflation could be ending: feds take strong action. the nation is most likely in which part of the business cycle?
a.recession
b. expansion
c. a peak
d. a trough

Answer 1

The answer for this question would be option B. expansion. Based on the given scenario above, if you read something about "High inflation could be ending: feds take strong action", then this would mean that the nation is most likely experiencing the part of the business cycle which is expansion. Hope this answers your question.