Answer choices are:
a. Falling production
b. High inflation
c.Low GDP
d.Rising unemployment
Correct answer choice is:
b. High inflation
A period of economic expansion is basically the period in which the economy of any country is boosted from a low level to a high level.<span> B</span><span>usiness activities surges and gross domestic product (GDP) is expanded until it reaches a peak. The productivity of goods and services rises and the production houses are completely supported by the government. The banks are forced to increase the interest rates in order to raise the profit.</span>
the answer is B..........
Hello,
Your answer would be:
“The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. ... Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs.”
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