Final answer:
During an expansion phase, economies experience rapid growth, low unemployment, and flourishing industries.
Explanation:
During a period of expansion, rapid growth, high levels of production, low unemployment, and lower interest rates are occurring. This is a phase where the economy is thriving, leading to increased economic activity and job opportunities.
For example, during the expansion period of the 1990s, the United States experienced significant economic growth, low unemployment rates, and flourishing industries.
This phase is characterized by a boost in consumer spending, increased investments, and overall positive economic indicators.
Learn more about Economic expansion here:
https://brainly.com/question/42338007
