target is having a hard time keeping its shelves stocked. management at the corporate headquarters has…

target is having a hard time keeping its shelves stocked. management at the corporate headquarters has decided to raise prices on all products in the store by 15%. the number of new housing starts has risen by 10%. unemployment has fallen to 4.7%. in which phase of the business cycle is the economy? recovery/expansion peak/prosperity recession/contraction depression/trough

target is having a hard time keeping its shelves stocked. management at the corporate headquarters has decided to raise prices on all products in the store by 15%. the number of new housing starts has risen by 10%. unemployment has fallen to 4.7%. in which phase of the business cycle is the economy? recovery/expansion peak/prosperity recession/contraction depression/trough

Answer

Brief Explanations:

In the recovery/expansion phase, economic indicators improve. Rising new - housing starts and falling unemployment are positive signs. Also, increased demand (causing stock - keeping issues) can lead to price hikes, which is consistent with a growing economy.

Answer:

Recovery/Expansion