Keltica, a Country in Asia, Enjoyed a Period of Great

Multiple Choice

Keltica, a country in Asia, enjoyed a period of great economic boom in the 1980s. The country had robust economic growth, high employment, and abundant business investments during this period. In the context of the business cycle, the economy of Keltica was in _____ during the 1980s.

A) a depression
B) the contraction phase
C) a recession
D) the expansion phase