types of economies, business cycle, taxes, fiscal/monetary test\nwidespread business prosperity\nfull…

types of economies, business cycle, taxes, fiscal/monetary test\nwidespread business prosperity\nfull employment\ngdp stops rising\nthe economic indicators listed above best reflect -\n a phase of economic contraction\n the trough phase of the business cycle\n a phase of expansionary economic growth\n the peak phase of the business cycle

types of economies, business cycle, taxes, fiscal/monetary test\nwidespread business prosperity\nfull employment\ngdp stops rising\nthe economic indicators listed above best reflect -\n a phase of economic contraction\n the trough phase of the business cycle\n a phase of expansionary economic growth\n the peak phase of the business cycle

Answer

Brief Explanations:

Widespread business prosperity and full - employment suggest a high point in the business cycle. When GDP stops rising after a period of growth, it indicates the peak has been reached. Economic contraction has declining GDP and high unemployment. The trough has low business activity and high unemployment. Expansionary growth has rising GDP. The peak phase has high prosperity, full - employment, and a leveling - off of GDP growth.

Answer:

the peak phase of the business cycle