When aggregate economic activity is increasing, the economy is said to be in

CA Foundation · Business Economics · MTP · June 2024
When aggregate economic activity is increasing, the economy is said to be in
(A) A. an expansion.
(B) B. peak.
(C) C. contraction.
(D) D. turning point

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. an expansion.

Topics: Public Finance

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