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1、1Onephaseofthebusinesscycleistheexpansionphase.Thisphaseisatwofoldone,includingrecoveryandprosperity,duringtherecoveryperiodthereisever-growingexpansionofexistingfacilities,andnewfacilitiesforproductionarecreated.Morebusinessesarecreatedandolderonesexpanded.Improvementsof
2、variouskindsaremade.Thereisaneverincreasingoptimismaboutthefutureofeconomicgrowth.Muchcapitaisinvestedinmachineryor"heavy"industry.Morelaborisemployed.Morerawmaterialsarerequired.Asonepartoftheeconomydevelops.Otherpartsareaffected.Forexample.Agreatexpansioninautomobilesre
3、sultsinanexpansionofthesteel,agreatexpansioninautomobilesresultsinanexpansionofthesteel,glass,andrubberindustries.Roadsarerequired.Thusthecementandmachineryindustriesarestimulated.Demandforlaborandmaterialsresultsingreaterprosperityforworkersandsuppliersofrawmaterials,inc
4、ludingfarmers.Thisincreasespurchasingpowerandthevolumeofgoodsboughtandsold.Thusprosperityisdiffusedamongthevariousportionsofthepopulation.Thisprosperityperiodmaycontinuetoriseandrisewithoutonapparentend.However.Atimecomeswhenthisphasereachesapeakandstopsspiralingupwards.T
5、hisistheendoftheexpansionphase. 1.whichofthefollowstatementisthebestexampleoftheoptimismmentionedinline8ofthepassageasbeingpartoftheexpansionphase? (A)Pubicfundsaredesignatedfortheconstructionofnewhighwaysdesignatedtostimulatetourism. (B)Industrialfirmsallocatemoniesfo
6、rthepurchaseofmachinetools. (C)Thepricesofagriculturalcommoditiesareincreasedattheproducerlevel (D)Fullemploymentisachievedatalllevelsoftheeconomy (E)Astechnologyadvance,innovativebusinessesreplaceantiquatedfirms 2.itcanbeinferredfromthepassagethattheauthorbelievestha
7、t (A)whenconsumerslosetheirconfidenceinthemarker,arecessionfollows (B)Cyclicalendstobusinessexpansionarenormal (C)Luxurygoodssuchasjewelryareunaffectedbyindustrialexpansion (D)Withsoundeconomicpolicies,prosperitycanbecomeafixedpattern (E)Thecreationofnewproductsisess
8、entialforprosperity 3.whichofthefollowingstatementswouldbemostlikelytobegintheparagraphimmediat
