1. A phase of economic growth characterized by increasing production, employment, and consumer spending
During the expansionary cycle, businesses invest more in new projects and hire additional workers.
Durante o ciclo expansivo, as empresas investem mais em novos projetos e contratam trabalhadores adicionais.
2. In macroeconomics, a period when an economy is growing above its potential output
The expansionary cycle led to rising wages and increased GDP.
O ciclo expansivo resultou em salários crescentes e aumento do PIB.