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Economic activity will go through an expansion phase when: A) The government budget has a surplus. B) The balance of trade has a deficit. C)

Economic activity will go through an expansion phase when: A) The government budget has a surplus. B) The balance of trade has a deficit. C) The balance of trade has a surplus. D) Total leakages are greater than total injections.

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Economic activity will go through an expansion phase when: A) The government budget has a surplus. B) The balance of trade has a deficit. C) The balance of trade has a surplus. D) Total leakages are greater than total injections

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