select the correct answer. which phase of the business cycle would be marked by an increase in productivity…

select the correct answer. which phase of the business cycle would be marked by an increase in productivity while employment and profits also rise? a. inflation b. contraction c. expansion d. recession

select the correct answer. which phase of the business cycle would be marked by an increase in productivity while employment and profits also rise? a. inflation b. contraction c. expansion d. recession

Answer

Brief Explanations:

In the expansion phase of the business - cycle, economic activity grows. Productivity increases as businesses operate more efficiently, employment rises as they hire more workers to meet growing demand, and profits increase due to higher sales and productivity gains. Inflation is a general increase in prices, contraction is a decline in economic activity, and recession is a significant decline in economic activity.

Answer:

C. expansion