Which of the following terms best applies to a very fast increase in economic output which usually occurs before a peak?
a. recession
b. expansion
c. boom
d. recovery

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Neuron
The term which best applies to a very fast increase in economic output which usually occurs before a peak is called a boom - c.

When we're talking about booms, we're talking about high-upwared projected increases of economic output which are then followed by a peak and later on by a small decrease. 

Answer:

C

Explanation:

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