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what is expansion??
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Expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery.
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Expansion is what happens when something becomes bigger or more extensive. If you enjoy good pastry, you will be excited by the expansion of the bakery, but be careful or you will also see the expansion of your waistline. The noun expansion is from the Latin word expansionem, which means a spreading out.
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