Which of the following does not occur during expansion phase ........

Economics- Phase (I & II) Business Cycles

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Which of the following does not occur during expansion phase?

Consumer spending increases

Employment increases as demand for labour rises

Business profits and business confidence increase

None of the above

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Explanation:

Expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery.