The expansion phase of the business cycle can be defined as the phase where there would be falling unemployment rate, meaning more jobs are becoming available.
What is the business cycle?
This is the term that is used to refer to the periods of business expansions , recoveries and recessions that are seen in a given economy. The business cycle is used to show the decreases and the increases in the economy.
The period of a decrease in unemployment is an expansion period that shows that the economy is about to experience recoveries.
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