The expansion stage best fits the labeled point on the graph because the stage is where where real gross domestic product grows for consecutive quarters,
A business cycle refers to the cyclical upswings and downswings of an economy in terms of its output, employment, income, sales etc
The 4 stages of business cycle includes:
- expansion
- peak
- contraction
- trough
The expansion stage best fits the labeled point on the graph because the stage is where where real gross domestic product grows for consecutive quarters,
Therefore, the Option A is correct.
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