The expansionary phase of the business cycle is characterized by

increasing real output and reducing unemployment

Explanation:

The expansionary phase of the cycle is business characterized by the increasing real output and reducing unemployment.

Business cycle refers to that cycle in which there is increase and decrease or fall and rise of output of goods and services.

Business cycle has main four stages expansion ,peak , contraction and trough.

The main cause of business cycle is the forces of supply and demand , expectation of future and it availability of the capability may also cause the business cycle.

Economic cycle is another name of Business cycle . Business cycle plays a crucial rule in the economy as it influence the demand of the consumer.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.