QuestionJuly 17, 2025

An expansion is Multiple Choice the high point of economic activity prior to a downturn. the low point of economic activity prior to a recovery. a period in which the economy is growing at a rate significantly below normal. a period in which the economy is growing at a rate significantly above normal.

An expansion is Multiple Choice the high point of economic activity prior to a downturn. the low point of economic activity prior to a recovery. a period in which the economy is growing at a rate significantly below normal. a period in which the economy is growing at a rate significantly above normal.
An expansion is
Multiple Choice
the high point of economic activity prior to a downturn.
the low point of economic activity prior to a recovery.
a period in which the economy is growing at a rate significantly below normal.
a period in which the economy is growing at a rate significantly above normal.

Solution
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Answer

a period in which the economy is growing at a rate significantly above normal. Explanation 1. Identify the definition of expansion An economic expansion is characterized by a period in which the economy grows at a rate significantly above normal.

Explanation

1. Identify the definition of expansion<br /> An economic expansion is characterized by a period in which the economy grows at a rate significantly above normal.
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