Phases of the Business Cycle
14 Lesson 2
Low income is relatively high, which is why unemployment remains. The consumers have more confidence about the future state of the economy which leads to more purchases. The demand is high, CPI,GPD, and per capital GDP are high, the producers expand businesses to take advantages of marketplace opportunities. There are high levels output and trade, there is a lot of credit available to consumers, this means easy to get a loan.