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Discuss about the periods of expansion and contraction

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Question: The U.S. economy constantly cycles through periods of expansion and contraction based on financial, political, and geopolitical dynamics. During expansionary periods, economic performance is robust and consumer spending increases. During contractionary periods, economic performance is lackluster or negative and consumer spending decreases. Select the correct type of economic period for each description. Unemployment rate above normal levels and rising. _________ ContractionExpansion Quarter-to-quarter Gross Domestic Product (GDP) growth is positive. _________ ContractionExpansion Consumer prices are rising. _________ ContractionExpansion Claims for unemployment are rising. _________ ContractionExpansion New housing starts are declining.

Reference no: EM131874575

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