Expansions in the business cycle are characterized by:
A) increase in want ads in newspapers, decrease in nonfarm jobs.
B) increasing college enrollments and enlistment in military service.
C) increasing consumer demand for goods and services, increasing industrial production, and rising stock markets and property values.
D) higher consumer debt, rising inventories.
Answer: C) increasing consumer demand for goods and services, increasing industrial production, and rising stock markets and property values.