Definitions for "Expansion" Add To Word List
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Keywords: Trough, Peak, Nber, Economy, Cycle
act of getting bigger, like an economy during a boom.
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Phase of the business cycle as it climbs from a trough toward a peak.
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A period of positive growth in the economy, starting from the point of the business cycle after the economy regained its pre- recession peak.
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A phase of the business cycle that extends from a trough to the next peak. See business cycle. (NBER)
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The business cycle has its ups and downs. The good times are called an expansion.
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