Question

Economic expansion occurs when an economy is growing and people are spending more money. (True/False)

Answer 1

Economic expansion occurs when an economy is growing and people are spending more money. It is usually associated with an increase in the production of goods and services and a rise in the standard of living.

Step-by-step explanation:

True.

Economic expansion occurs when an economy is growing and people are spending more money. It is usually associated with an increase in the production of goods and services and a rise in the standard of living. When people have jobs and are confident about the future, they tend to spend more money, which stimulates economic activity and leads to economic growth.