During an 'Expansion' phase of the business cycle, the rate of GDP increase is positive and the rate of unemployment is at a 'natural' or minimal level.

Authors

• Person: Not available Organization: Nicolet College
  Systemic or “Macro” Factors that Affect Financial Thinking

Sources

• Systemic or “Macro” Factors that Affect Financial Thinking nicoletcollege.pressbooks.pub Nicolet College via serper

Referenced by nodes (3)

• GDP concept
• business cycle concept
• unemployment concept