QuestionAugust 10, 2025

A period of sustained growth of output in the economy is referred to as a(n) expansion contraction peak trough recession

A period of sustained growth of output in the economy is referred to as a(n) expansion contraction peak trough recession
A period of sustained growth of output in the economy is referred to as a(n)
expansion
contraction
peak
trough
recession

Solution
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Answer

expansion Explanation 1. Identify the term for economic growth A period of sustained growth in output is known as an "expansion."

Explanation

1. Identify the term for economic growth<br /> A period of sustained growth in output is known as an "expansion."
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