Which of the following reflects a "boom" phase in a capitalist economy?

Demand is high, supply is high, and employment is low.

Production increases and spending on goods is low.

Employment, profits, and incomes are low.

Employment, profits, and incomes are high.

Question

Simeon

History

7 February, 06:29

Which of the following reflects a "boom" phase in a capitalist economy?

Demand is high, supply is high, and employment is low.

Production increases and spending on goods is low.

Employment, profits, and incomes are low.

Employment, profits, and incomes are high.

+1

Answers (1)

Know the Answer?

Abbie Cardenas · Answer 1

"Employment, profits, and incomes are high" would reflect a "boom" phase in a capitalist economy, since this is when people are spending and consuming more, leading to an increase in GDP.

Which of the following reflects a "boom" phase in a capitalist economy?Demand is high, supply is high, and employment is low.Production increases and spending on goods is low.Employment, profits, and incomes are low.Employment, profits, and incomes are high.

Which of the following reflects a "boom" phase in a capitalist economy?

Demand is high, supply is high, and employment is low.

Production increases and spending on goods is low.

Employment, profits, and incomes are low.

Employment, profits, and incomes are high.