18. choose the characteristics of the prosperity phase. (check all that apply) unemployment is high…

18. choose the characteristics of the prosperity phase. (check all that apply) unemployment is high businesses produce goods and services in record numbers gdp is in decline demand for goods and services are high most people who want to work are working

18. choose the characteristics of the prosperity phase. (check all that apply) unemployment is high businesses produce goods and services in record numbers gdp is in decline demand for goods and services are high most people who want to work are working

Answer

Brief Explanations:

In the prosperity phase of the business - cycle, economic activity is high. Businesses produce more goods and services as demand is high. GDP rises, and unemployment is low with most people who want to work being employed. High unemployment and declining GDP are characteristics of a recession phase.

Answer:

  • Businesses produce goods and services in record numbers
  • Demand for goods and services are high
  • Most people who want to work are working