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Options
- A
In the 'Slow Down' phase of economic cycle
-
In the 'Boom' phase of economic cycle
Correct answer
- C
In the 'Recession' phase of economic cycle
- D
In the 'Depression' phase of economic cycle
Why this is the answer
During the expansion or boom phase, consumer demand is high, incomes are rising, and business confidence is strong. To meet increasing demand, businesses plan to expand production capacity. This phase also encourages consumers to invest in long-term assets.
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