When unemployment in the economy is increasing, what phase of the business cycle is active?
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Hello Mate,
expansion (recovery) is when output is increasing, unemployment begins tofall and later inflation begins to rise. Unemployment increases during business cycle recessions and decreases during business cycle expansions (recoveries). Inflation decreases during recessions and increases during expansions (recoveries).
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expansion (recovery) is when output is increasing, unemployment begins tofall and later inflation begins to rise. Unemployment increases during business cycle recessions and decreases during business cycle expansions (recoveries). Inflation decreases during recessions and increases during expansions (recoveries).
Hope this helps you lot..
Please Mark Me as a brainliest
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