Question

Which of the following terms best applies to a very fast increase in economic output which usually occurs before a peak?

a. recession
b. expansion
c. boom
d. recovery

Answer 1

C

Step-by-step explanation:

Answer 2

The term which best applies to a very fast increase in economic output which usually occurs before a peak is called a boom - c.

When we're talking about booms, we're talking about high-upwared projected increases of economic output which are then followed by a peak and later on by a small decrease.