更多"One phase of the business cycle is "的相关试题:
[单项选择]One phase of the business cycle is the expansion phase. This phase is a two-fold one, including recovery and prosperity. During the recovery period there is ever-growing expansion of existing facilities, and new facilities for production are created. More businesses are created and older ones expanded. Improvements of various kinds are made. There is an ever increasing optimism about the future of economic growth. Much capital is invested in machinery or "heavy" industry. More labor is employed. More raw materials are required. As one part of the economy develops, other parts are affected. For example, a great expansion in automobiles results in an expansion of the steel, glass, and rubber industries. Roads are required. Thus the cement and machinery industries are stimulated. Demand for labor and materials results in greater prosperity for workers and suppliers of raw materials, including farmers. This increases purchasing power and the volume of goods bought and sold. Thus prosperity
A. The Business Cycle
B. The Recovery Stage
C. An Expanding Society
D. The Period of Good Times
[单项选择]
The business cycle is composed of many phases and one of them is the expansion phase. This phase is a two-fold one, including recovery and prosperity.
During the recovery period there is an ever-growing expansion of existing equipment. And new facilities for production are created. More businesses are created and older ones expanded. Improvements of serious kinds are made. There is an ever increasingly positive view about the future of economic growth. Much capital is invested in machinery or "heavy" industry. More labor is employed. More raw materials are required.
As more parts of the economy develop, other parts are affected. For example, the expansion in automobiles results in an expansion of the steel and rubber industries. Roads are required; thus the cement and machinery industries are activated. Demand for labor and materials results in greater prosperity for workers and suppliers of raw materials. This increases the amount of goods bought and so
A. Development of Economy.
B. Recovery of Economy.
C. Expansion of Economy.
D. Prosperity of Economy.