Which phase of the business cycle is characterized by rising GDP, increasing employment, and expanding investments?

CA Foundation · Business Economics · RTP · September 2026
Which phase of the business cycle is characterized by rising GDP, increasing employment, and expanding investments?
(A) (A) Peak
(B) (B) Contraction
(C) (C) Expansion
(D) (D) Trough

Suggested Answer and Working Notes:

Correct Answer: Option (C)

Correct Option: (C)

Topics: Business Cycles

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