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One phase of the business cycle is the expansion phase. This phase is a two-
One phase of the business cycle is the expansion phase. This phase is a two-
游客
2025-05-06
28
管理
问题
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 is diffused among the various segments of the population. This prosperity period may continue to rise and rise without an apparent end. However, a time comes when this phase reaches a peak and stops spiraling upwards. This is the end of the expansion phase. [br] The title below that best expresses the main idea of this passage is ______.
选项
A、The Business Cycle
B、The Recovery Stage
C、An Expanding Society
D、The Period of Good Times
答案
D
解析
最恰当地表达本文大意的标题是The Period of Good Times(良好的时期)。本文主要讲商业周期中的发展阶段,它包括经济的复苏和繁荣,所以答案是D。
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