asked 54.0k views
1 vote
*****ECONOMICS****

When the Business Cycle is in Expansion, what will be happening with the three economic indicators?
GDP
CPI
Unemployment​

1 Answer

4 votes

Answer:

When the Business Cycle is in expansion, GDP, CPI, and unemployment will generally be increasing. GDP is an indicator of overall economic growth, so it is expected to rise when the economy is expanding. CPI measures the average price level of a basket of goods and services, and is also expected to rise along with economic growth. Finally, unemployment is typically expected to decrease during an expansion, as businesses hire workers to meet increased demand.

answered
User SNO
by
7.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.