Economics · Business Cycles
During a general economic expansion, a boom in a specific industry is most directly triggered by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An expansion of surplus supply
- 2An increase in product demand✓
- 3A decline in consumer confidence
- 4An increase in interest rates
Correct answer
An increase in product demand
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