An expansion is: a period in which the economy is growing at a rate significantly below normal. a period in which the economy is growing at a rate significantly above normal. the high point of economic activity prior to a downturn. the low point of economic activity prior to a recovery.

a period in which the economy is growing at a rate significantly above normal

Explanation:

At expansion, real GDP increases and unemployment decreases.

The economy of all nations are always between periods of expansion and contraction. These occurrences happen because of employment, productivity, total demand for and supply of the nation’s goods and services levels. While in the short-run, they lead to periods of expansion and recession. But in the long-run there can be economic growth

c

explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi