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Which of the following typically occurs during an expansionary phase of a business cycle? A. Nominal interest rates decrease. B. Income taxes decrease. C. The price level decrea…

Which of the following typically occurs during an expansionary phase of a business cycle? A. Nominal interest rates decrease. B. Income taxes decrease. C. The price level decrea…
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Which of the following typically occurs during an expansionary phase of a business cycle?

A. Nominal interest rates decrease.
B. Income taxes decrease.
C. The price level decreases.
D. Government transfer payments increase.
E. Employment increases.

asked
User Jsanmarb
by
8.1k points

1 Answer

12 votes

Answer:

E. Employment increases.

Step-by-step explanation:

The correct answer is - E. Employment increases.

answered
User Deno
by
8.9k points
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