Question

The expansionary phase of the business cycle is characterized by

Answer 1

Answer:

increasing real output and reducing unemployment

Explanation:

The expansionary phase of the cycle is business characterized by the increasing real output and reducing unemployment.

Business cycle refers to that cycle in which there is increase and decrease or fall and rise of output of goods and services.

Business cycle has main four stages expansion ,peak , contraction and trough.

The main cause of business cycle is the forces of supply and demand , expectation of future and it availability of the capability may also cause the business cycle.

Economic cycle is another name of Business cycle . Business cycle plays a crucial rule in the economy as it influence the demand of the consumer.