If output is rising and unemployment is falling the economy MUST be in a?

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1211036

2026-07-22 12:50

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If output is rising and unemployment is falling, the economy must be in a period of expansion. This typically indicates increased consumer and business confidence, leading to higher production and job creation. Such conditions are often associated with economic growth, where demand for goods and services outstrips supply, prompting businesses to hire more workers.

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