For instance, in the past year, when many economists would agree that we've been in
an expansionary phase of the cycle (albeit, slow growth), the sectors that performed the best were:
Bull markets are usually associated with
an expansionary phase of the business cycle.
Not exact matches
This is equivalent to saying that the most
expansionary setting reached during the downward
phase of the interest rate cycle should be maintained until such time as a move to a clearly restrictive setting is required, and only then should a move be made.
Contractions are often part
of a business cycle, coming after an
expansionary phase and before a recession.